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(H9) Momentum Peters Out *RES...>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (H9) Momentum Peters Out
*RES 4: 98.350 - High June 5 2017
*RES 3: 98.310 - 61.8% Fib 98.700-97.675
*RES 2: 98.192 - Up Trendline
*RES 1: 98.190 - 50% Fib 98.700-97.675
*PRICE: 98.125 @ 16:16 GMT, Dec 19
*SUP 1: 97.775 - 76.4% 97.675-98.100
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
Having had a strong start to the week, momentum petered out somewhat Wednesday
as traders largely sat on the sidelines ahead of the key FOMC rate decision.
Bulls continue to shift their targets higher having broken above the Dec 7 high
& Nov 30 2017 highs at 98.100/110, opening the 50% retracement level at 98.19.
The 200-dma remains firm support at 97.877, below here opens the 76.4%
retracement of the 97.675-98.050 move at 97.775.

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