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Larger FX Option Pipeline

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Stocks Inch Higher, But Gains Inconsistent

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  • RES 4: 0.8136 High Jan 2018 and Major Resistance
  • RES 3: 0.8007 High Feb 25 and the bull trigger
  • RES 2: 0.7883 High Feb 26
  • RES 1: 0.7838 High Mar 2 and 3
  • PRICE: 0.7667 @ 17:30 GMT Mar 5
  • SUP 1: 0.7622 Low Mar 5
  • SUP 2: 0.7583/64 Low Feb 5 / Low Feb 2 and the bear trigger
  • SUP 3: 0.7579 3.0% 10-dma envelope
  • SUP 4: 0.7557 Low Dec 28

AUDUSD remains vulnerable following the sharp sell-off from 0.8007, Feb 25 high. Weakness on Friday reinforced bearish conditions which saw prices fall through support at 0.7693, Feb 26 low. This allows for a stronger move lower and opens 0.7564, Feb 2 low. Firm short-term resistance has been defined at 0.7838, high Mar 2 and 3. A break would allow for a stronger short-term rally.