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RBA

ACGB Purchase Offer Details

ASIA

Plenty Of Holidays In Play This Week

BONDS

Regional Holidays Sap Liquidity In Asia

FOREX

Tight Ranges In Holiday Session

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  • RES 4: 112.320 1.618 proj of the Jun 22 - Jul 8 - Jul 13 price swing
  • RES 3: 112.307 1.50 proj of the Jun 22 - Jul 8 - Jul 13 price swing
  • RES 2: 112.290 High Feb 11 (cont)
  • RES 1: 112.285 High Jul 20 and the bull trigger
  • PRICE: 112.275 @ 05:00 BST Jul 23
  • SUP 1: 112.210 Low Jul 20
  • SUP 2: 112.180/150 Low Jul 16 / Low Jul 13
  • SUP 3: 112.140 Low Jul 5 and 6
  • SUP 4: 112.120 Low Jun 30

The Schatz futures outlook remains bullish following Tuesday's strong rally and the contract is holding onto gains. Resistance at 112.210, Jun 11 high has been cleared. This strengthens a bullish case and opens 112.295 next, a Fibonacci projection. Note too that the rally has also established a bullish price sequence of higher highs and higher lows, the definition of an uptrend. On the downside, initial support is seen at 112.210, Jul 20 low.