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(U18) Failure To Launch *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (U18) Failure To Launch
*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: 97.5025 - 2-month trendline resistance
*PRICE: 97.4800 @ 1631 GMT
*SUP 1: 97.3650 - Former range top, now support
*SUP 2: 97.3000 - Low Aug 7
*SUP 3: 97.2842 - 100-DMA (Sep-18)
*SUP 4: 97.2400 - Low Aug 2
The Sep8 contract broke out to 14-month highs on Sep 3 to Friday at 97.5250, but
has since reversed, with a close at 97.480. While the medium-term trends remain
bullish, the short-term trend is now turning bearish, with the daily price
action on the candles suggesting a potential shooting star reversal. There is
strong support in the 97.30 area on any retracement: this represents the 100-DMA
and 200-DMA as well as the uptrend in place since Jun 8.

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