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MYR

Firmer Start

FOREX

AUD Leads G10 Pack, Volatility Subdued

US TSYS

Marginally Cheaper Early On

AUSSIE BONDS

YM Nudges Lower On Lack Of YCT Purchases

RBA

ACGB Purchase Offer Details

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  • RES 4: 172.48 High Sep 9
  • RES 3: 172.12 High Sep 14
  • RES 2: 171.96 High Sep 21 and key near-term resistance
  • RES 1: 170.81 Low Sep 17 and recent breakout level
  • PRICE: 170.03 @ 05:09 BST Sep 28
  • SUP 1: 169.73 Low Sep 27
  • SUP 2: 169.65 1.382 proj of the Sep 9 - 17 - 21 price swing
  • SUP 3: 169.46 1.50 proj of the Sep 9 - 17 - 21 price swing
  • SUP 4: 168.29 Low May 19 (cont_)

Bund futures resumed their downtrend yesterday with the contract trading below Friday's low of 170.14. This reinforces a bearish theme and maintains the price sequence of lower lows and lower highs signalling scope for further downside. The focus is on 169.65 next, a Fibonacci projection. Key short-term resistance has been defined at 171.96, Sep 21 high. A break above this level is required to ease bearish pressure.