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Free Access(H18) 97.2200 Resistance.......>
AUSSIE 10-YEAR TECHS: (H18) 97.2200 Resistance Remains Key
*RES 4: 97.2200 - Hourly support Jan 17 now resistance
*RES 3: 97.2098 - 21-DMA
*RES 2: 97.2050 - High Jan 24
*RES 1: 97.1950 - High Jan 31
*PRICE: 97.1700 @ 2030GMT
*SUP 1: 97.1450 - Low Jan 31
*SUP 2: 97.1050 - 2018 Low Jan 22
*SUP 3: 97.0900 - Monthly Low Oct 3
*SUP 4: 97.0750 - Monthly Low Sept 21
*COMMENTARY: Hesitation ahead of recent 2018 lows is less than ideal given daily
studies correcting from O/S and sees pressure back on key resistance layers.
Bulls need a close above 97.2200 to confirm a break of the 21-DMA and shift
initial focus to 97.2800-4000 where the bear channel top and key DMAs are
located. Initial support is now seen at 97.1450 with bears needing a close below
to ease pressure on the 21-DMA and focus on 97.0750-0900.
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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.