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Free Access(M9) Hits Pause *RES 3:.........>
AUSSIE 3-YEAR TECHS: (M9) Hits Pause
*RES 3: 98.918 - 123.6% Fib Projection (97.775-98.700)
*RES 2: 98.813 - 1st Pivot Resistance 98.270-98.700
*RES 1: 98.700 - 2019/All Time High
*PRICE: 98.605 @ 15:51 BST Apr4
*SUP 1: 98.482 - 23.6% Fib Retracement (97.775 - 98.700)
*SUP 2: 98.441 - 50-dma
*SUP 3: 98.262 - 100-dma
After a poor couple of sessions at the beginning of the week, Aussie bond
futures hit pause on Thursday, providing few fresh clues to the near-term
technical picture. Upside momentum continues to drain following the recent
rally, making another test on alltime highs of 98.70 more challenging. Bulls
need to recover that mark to initially target 1st pivot resistance at 98.813 and
the 98.918 Fib projection. First support kicks in at 98.482, with the 50-dma
underpinning at 98.441.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.