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(H9) Downside Appears..........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Downside Appears Limited
*RES 3: 98.2000 - Aug2 2016 High
*RES 2: 98.0900 - Oct3 2016 High
*RES 1: 97.9650 - Jan3 2019 High
*PRICE: 97.7400 @ 16:13 GMT, Jan30
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0500/0450 - May/2018 Low
Prices retreated further Wednesday on the back of strong Australian CPI, but
found some support at the 38.2% Fib retracement for the 97.6250-97.8000 move.
The latest downtick weakens the outlook somewhat, with prices unable to mount a
serious challenge on the Jan3 2019 high of 97.9650. Bears now need to clear the
50-dma at 97.5977 to fully regain control, targeting a move toward the 61.8% Fib
retracement for the 91.19-97.965 move at 97.4861. Any rally through the year's
best levels opens the Oct 3 2016 high at 98.0900 and a break opens the 2016 high
at 98.2000.

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