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(U9) Strength to strength.......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U9) Strength to strength
*RES 3: 99.570 - 1st Pivot Resistance (98.520-99.315)
*RES 2: 99.366 - 3% Upper Bollinger Band
*RES 1: 99.315 - All Time High
*PRICE: 99.300 @ 14:57 GMT Aug 2
*SUP 1: 99.198 - 38.2% Fib Retracement (99.010 - 99.315)
*SUP 2: 99.072 - 50-dma
*SUP 3: 98.877 - 100-dma
Trump gave the global bond market a decent bump late Thursday, resulting in
fresh all time highs for Aussie bond markets across the yield curve. This keeps
bulls on the front foot and shifts upside targets to 99.366 and the 1st pivot
resistance at 99.570. The move's sustainability still lies on the RBA's
shoulders, with the recent CPI numbers calling the outlook into question. For
the outlook to weaken, markets need to take out the 50-dma at 99.072 after key
Fib support at 99.198.

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