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(Z0) Bullish Tone Maintained

AUSSIE 3-YEAR TECHS
  • RES 3: 99.705 - 1.000 proj of Aug 28 - Sep 7 rally from Sep 7low
  • RES 2: 99.698 - 0.764 proj of Aug 28 - Sep 7 rally from Sep 7 low
  • RES 1: 99.694 - High Sep 10 and 11
  • PRICE: 99.692 @ 17:58 BST Sep 10
  • SUP 1: 99.675 - Low Sep 7 and key support
  • SUP 2: 99.665 - Low Sep 2
  • SUP 3: 99.660 - Low Aug 28 and 31 and low Sep 1

Volatile price action in the Aussie 3yr on Sep 7 saw the contract touch a 99.675 low. This level has been defined as a key S/T support. Recent trading sessions have also seen the contract trade higher though and confirm a resumption of the current uptrend. Attention is on 99.698 next, a Fibonacci projection. On the downside, weakness below 99.675 is required to dampen the current bullish sentiment.

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