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(U18) Bullish Trend Not Yet....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Bullish Trend Not Yet In Question
*RES 4: 97.6750 - High, June 15, 17 (Continuation chart
*RES 3: 97.6200 - High April 8, 17 (Continuation chart)
*RES 2: 97.5950 - 50% 98.2000-96.9875
*RES 1: 97.5325 - 2-month trendline resistance
*PRICE: 97.4400 @ 1649 GMT
*SUP 1: 97.3900 - Bottom of current range (beg. Aug 10), 50-DMA
*SUP 2: 97.3650 - Former range top, now support
*SUP 3: 97.3300 - 2.5 month uptrend
*SUP 4: 97.2400 - Low Aug 2
The short-term trend is now turning bearish, with a potential shooting star
reversal following a false break higher on September 3 (intraday high of
97.5250, close at 97.480). With momentum fading, support at 97.3900 - which
represents the bottom of current range (began on Aug 10) as well as the 50-DMA -
could soon be tested. The overall trends over the medium- and long-terms remain
bullish though gains could be capped by the top of the trend channel at 97.5325.

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