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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

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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: 135.110 @ 05:00 BST Sep 27
  • SUP 1: 134.980 Low Sep 24
  • SUP 2: 134.924 2.764 proj of the Aug 20 - 27 - 31 price swing
  • SUP 3: 134.830 3.00 proj of the Aug 20 - 27 - 31 price swing
  • SUP 4: 134.736 3.236 proj of the Aug 20 - 27 - 31 price swing

Bobl futures maintain a bearish tone following last week's resumption of its downtrend. The contract traded through a former support at 135.200, Sep 17 low. 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 134.924 next, a Fibonacci projection. On the upside, key short-term resistance has been defined at 135.540, Sep 21 high.