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Free Access(U9) Still tapping on...........>
AUSSIE 3-YEAR TECHS: (U9) Still tapping on near-term top
*RES 3: 99.343 - 1st Pivot Resistance (98.520-99.155)
*RES 2: 99.139 - 3% Upper Bollinger Band
*RES 1: 99.118/155 - 2% Bollinger Band & All Time High
*PRICE: 99.100 @ 12:42 GMT Jul 23
*SUP 1: 99.005 - 23.6% Fib Retracement (98.520 - 99.155)
*SUP 2: 99.010 - 50-dma
*SUP 3: 98.816 - 100-dma
Ranges contracted further Tuesday, keeping focus on the recent near-term top at
last week's highs of 98.115. To the downside, lower 2% Bollinger Band as decent
support (after being tested a few times) as markets remain in sell-rallies mode,
leaving the recent rally in question until prices move north of 99.1150. Below
the Bollinger band support, bears eye 99.005, the 23.6% Fib retracement. Any
fall through here opens the 50-dma, which would sharply weaken the medium-term
outlook after looking so positive just a few weeks ago.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.