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Austria triple tranche mandate


(H2) Testing The 50-Day EMA

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AUSSIE TECHS: Sentiment Remains Bearish:
*RES 4: 0.6831 High Sep 19
*RES 3: 0.6806/09 High Sep 24 / High Sep 20
*RES 2: 0.6781 Sep 26 high
*RES 1: 0.6739 Sep 25 low
*PRICE: 0.6721 @ 09:14 GMT Oct 3
*SUP 1: 0.6671 Low Oct 2
*SUP 2: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
*SUP 3: 0.6645 2.0% 10-dma envelope
*SUP 4: 0.6567 Low Mar 18 2009
AUDUSD bearish pressure resumed again Wednesday with the pair printing a low
just below 0.6672. To reinforce the current bearish theme, the pair needs to
mark a clear break of 0.6672 that in turn would resume the current downleg and
importantly also confirm a clear breach of the former support around 0.6677/90
which the Aussie traded through earlier in the week. This would open 0.6645/32.
Initial resistance is now located at 0.6739.
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