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AUSSIE 3-YEAR TECHS: (H0) False Break
*RES 3: 99.300 - High Dec 17
*RES 2: 99.285 - High Jan 8
*RES 1: 99.265 - 100-dma
*PRICE: 99.235 @ 16:18 GMT Jan 08
*SUP 1: 99.055 - Low Dec 31
*SUP 2: 99.041 - 1.500 projection of Dec 10 - Dec 13 decline from Dec 17 high
*SUP 3: 99.018 - 1.764 projection of Dec 10 - Dec 13 decline from Dec 17 high
Aussie 3yr futures got another tailwind early doors on the Iran missile strike,
but the gains were quickly retraced, sending the market lower into the close.
This supports the argument that Wednesday's break above the 100-dma was a false
break, keeping the near-term outlook modestly weak. To counter this, bulls need
to rise and close through the 100-dma initially. To the downside, bears could
easily recapture the balance of power on a move through 99.041 and 99.018, both
Fibonacci projection levels.