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(U9) Still tapping on...........>

AUSSIE 3-YEAR TECHS
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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