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(M2) Challenging Key Resistance


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AUSSIE TECHS: Focus Now On Dual $0.7730 Support
*RES 4: $0.7875 Oct 4 high
*RES 3: $0.7845 Congestion area Sep 28-29, Oct 4
*RES 2: $0.7824 Initial low Oct 5, now resistance
*RES 1: $0.7798 Intraday high
*PRICE: $0.7774 @1146GMT 
*SUP 1: $0.7743 Intraday low
*SUP 2: $0.7730 50% Fibo of $0.7333-$0.8126
*SUP 3: $0.7713 Jun 30 high, now support
*SUP 4: $0.7688 2% volatility band
*COMMENTARY* Has continued to fall this week, the loss of $0.7808-$0.7803
support leaving $0.7767 support vulnerable, as we now head down towards the next
support of note at $0.7730. This also the swing target of the recent
$0.7785-$0.7875 recovery, as well as a 50% Fibo retrace level. In the interim,
resistance comes from the day's $0.7798 high, with $0.7824-$0.7845 of more
consequence higher. Lose $0.7730 and $0.7713-$0.7688 next.

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