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Peso Loses Some Altitude

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(Z17) 112.190-112.150 Support As.......>

SCHATZ TECHS
SCHATZ TECHS: (Z17) 112.190-112.150 Support As Pullback Continues
*RES 4: 112.350 38.2% Fibo of 113.310-111.760
*RES 3: 112.310 Oct 30, Nov 6, 7 & 8 highs
*RES 2: 112.280 Nov 15 high
*RES 1: 112.250 Nov 2 low, now resistance
*PRICE: 112.220 @1620GMT
*SUP 1: 112.190 Hourly basing area Oct 18-19
*SUP 2: 112.150 Oct 25 low
*SUP 3: 112.120 Oct 11-Oct 12 lows, 0.1% volatility band
*SUP 4: 112.060 Sep 21 low
*COMMENTARY* The 112.310 area became a problem for the recent rally, being
halted here on several occasions in the early part of the month. This followed
by the loss of equally impressive 112.250 support, has opened the scope for some
correction of gains from the 112.150 low of Oct 25. This sees 112.190 next. Any
lower and that 112.150 is the brake to a further 112.120 fall. Meanwhile,
112.250-112.280 becomes nearest resistance.