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Free AccessCapped Ahead Of Key Resistance.........>
AUSSIE TECHS: Capped Ahead Of Key Resistance Layers
*RES 4: $0.7933 - 55-DMA
*RES 3: $0.7907 - Hourly support Sept 22 now resistance
*RES 2: $0.7888 - High Sept 27
*RES 1: $0.7840 - Hourly resistance Oct 5
*PRICE: $0.7789 @ 2000GMT
*SUP 1: $0.7781 - Low July 17
*SUP 2: $0.7779 - 100-DMA, 21-WMA
*SUP 3: $0.7743 - High July 13 now support
*SUP 4: $0.7712 - High June 30 now support
*COMMENTARY: Pressure continues to return to the $0.7779-81 supports with bears
needing a close below to add weight to the case for a test of the 200-DMA
($0.7661). O/S daily studies and the Bollinger base ($0.7771) are the key
concerns for bears with potential to limit follow through. Bulls now need a
close above $0.7840 to gain breathing room and above $0.7907 to pressure 21 &
55-DMAs $0.7733-38.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.