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AUSSIE 10-YEAR TECHS

(Z1) Near-Term Strength Persists

US TSYS

Stable Start After Bear Steepening

Bounce Fades Fast: *RES 4: 120.01....>

EURO-YEN TECHS
EURO-YEN TECHS: Bounce Fades Fast:
*RES 4: 120.01 High Sep 13 and the bull trigger
*RES 3: 118.74 Channel resistance drawn off Apr 17 high
*RES 2: 118.47 High Sep 27
*RES 1: 118.00 High Oct 2
*PRICE: 117.36 @ 16:30 GMT Oct 8
*SUP 1: 117.08 Low Oct 3 and Oct 7
*SUP 2: 116.85 76.4% retracement Sep3 - Sep13 rally
*SUP 3: 116.13 Low Sep 4
*SUP 4: 115.87 Low Sep 3 and M/T bear trigger
Hopes of a bullish correction faded Tuesday as the cross resumed its downtrend
and headed back toward the recent lows. This affirms the vulnerability of the
pair and initially targets 117.08 and 116.85, the 76.4% retracement. A break
here would expose the key 115.87 bear trigger. A breach of the channel top at
118.74 and of resistance at 120.01 is still the requirement for a trend
reversal.