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(M9) 50-dma Support Holds......>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (M9) 50-dma Support Holds
*RES 3: 98.6367 - First Pivot Resistance (97.1900 - 98.2850)
*RES 2: 98.3655 - Uptrend from Sep'18
*RES 1: 98.2850 - All Time Highs (Mar27)
*PRICE: 98.0450 @ 16:36 BST, Apr 16
*SUP 1: 98.0118 - 50-dma
*SUP 2: 97.1900 - Nov 9 low
*SUP 3: 97.1450 - Jun7/8 low
50-dma support at 98.0118 held firm Tuesday, signalling bears may have a hard
time breaking below the mark but a clean close below could signal a more
protracted downturn. Tuesday trade was a quiet affair as the support held,
providing few fresh technical signals. A break below the 50-dma will go a long
way to strengthening the downside case. For bulls to stage any recovery, 98.1775
is the first target ahead of all time highs at 98.2850. Above there, the uptrend
from September 2018 kicks in at 98.3655.

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