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(H9) Weak Close *RES 3:........>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (H9) Weak Close
*RES 3: 154.01 - 28 July 2016
*RES 2: 152.89 - 76.4% 154.01-149.28
*RES 1: 152.99 - Jan4 High
*PRICE: 152.55 @ 16:33 GMT, Jan21
*SUP 1: 152.11 - 23.6% 149.75 - 152.84
*SUP 2: 151.33 - 50-DMA
*SUP 3: 150.79 - 100-DMA
152.65 is the initial target for bulls, marking last week's highs and the best
levels since January 8th. Nonetheless, the near-term momentum appears to be
working in favour of the bears after the bearish weekly close Friday. This sets
up markets to target downside levels at 152.11, the 23.6% retracement of the
149.75-152.84 move. To the upside, bulls need to clear the 50% retracement level
for the 152.99-152.31 move at 152.65 and a climb through here may trigger the
momentum required to see prices retest the year's best levels.

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