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MYR

Firmer Start

FOREX

AUD Leads G10 Pack, Volatility Subdued

US TSYS

Marginally Cheaper Early On

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  • RES 4: 135.870 High Sep 3
  • RES 4: 135.660 High Sep 7 / 9
  • RES 3: 135.540 High Sep 21 and key near-term resistance
  • RES 2: 135.200 Low Sep 17 and recent breakout level
  • PRICE: 134.940 @ 05:13 BST Sep 28
  • SUP 1: 134.850 Low Sep 27
  • SUP 2: 134.830 3.00 proj of the Aug 20 - 27 - 31 price swing
  • SUP 3: 134.736 3.236 proj of the Aug 20 - 27 - 31 price swing
  • SUP 4: 134.660 Low Sep 7 and 8 (cont)

Bobl futures maintain a bearish tone following last week's resumption of its downtrend and the contract traded lower again yesterday. This maintains the current bearish price sequence of lower lows and lower highs that defines a downtrend and signals scope for an extension lower. The focus is on 134.830 next, a Fibonacci projection. On the upside, key short-term resistance has been defined at 135.540, Sep 21 high.