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(H9) Downside Bias Holds *RES...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Downside Bias Holds
*RES 3: 98.458 - 76.4% 98.700-97.675
*RES 2: 98.450 - High Nov 9 2016
*RES 1: 98.370 - Jan3 2019 High
*PRICE: 98.240 @ 16:06 GMT Feb1
*SUP 1: 98.000 - 100-dma
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
3yr futures re-visited the lower levels of the week Friday as better US jobs
numbers helped squash global bond prices in the US and overseas. This reinforces
the view that the near-term bias remains negative. A correction back below the
98.20 level is required to extend any downtrend, opening support at the 50- and
100-dmas at 98.129 and 98.006 respectively. The medium- to longer-term trend,
however, remains bullish and a recovery and close back above 98.37 would open
the Nov 9 high 2016 at 98.450.

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