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AUD

AUDUSD consolidates

GERMAN T-BILL AUCTION RESULTS

6/9-month bubills

BONDS

Bounce on European open doesn't last

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  • RES 4: 134.40 2.382 proj of the Sep 22 - 29 - Oct 6 price swing
  • RES 3: 134.13 High Jun 1 and a key resistance
  • RES 2: 133.76 High Jun 10
  • RES 1: 133.48 High Oct 20
  • PRICE: 132.57 @ 15:27 BST Oct 21
  • SUP 1: 132.15/131.08 Low Oct 18 / 20-day EMA
  • SUP 2: 130.75 Sep 3 high
  • SUP 3: 130.37 50-day EMA
  • SUP 4: 129.28 Low Oct 11

Thursday's pullback in EURJPY is considered corrective. This week's gains confirmed an extension of the upleg that started Oct 6. The cross has also recently cleared 130.75, the Sep 3 high bull trigger and the rally maintains an impulsive bullish drive. The focus is on 133.76 next, Jun 10 high and 134.13, the Jun 1 high. Initial support is at 132.15, Oct 18 low. A break would suggest scope for a deeper corrective pullback.