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(H9) Downside Bias *RES 4:......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Downside Bias
*RES 4: 98.560 - Oct3 2016 High
*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: 98.260 @ 16:12 GMT Jan31
*SUP 1: 98.000 - 100-dma
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
Prices have now retraced 50% of the CPI-inspired move higher mid-week, showing
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 98.121 and 98.003 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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