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Free Access(Z17) 97.2300 Resistance.......>
AUSSIE 10-YEAR TECHS: (Z17) 97.2300 Resistance Remains Key
*RES 4: 97.2300 - Low July 26 now resistance
*RES 3: 97.2174 - 21-DMA
*RES 2: 97.2100 - Monthly Low July 20 now resistance
*RES 1: 97.1900 - High Oct 4
*PRICE: 97.1700 @ 2000GMT
*SUP 1: 97.1400 - Hourly resistance Oct 3 now support
*SUP 2: 97.0900 - Low Oct 2
*SUP 3: 97.0750 - Low Sept 21
*SUP 4: 97.0600 - High Mar 10 now support
*COMMENTARY: Bounces remain capped ahead of the 97.2100-2300 region where the
21-DMA is located. Bulls still need a close above 97.2300 to confirm a break of
the 21-DMA, an easing of bearish pressure and to shift focus back to
97.2957-3169 where key DMAs are situated. Initial support is now noted at
97.1400 with bears needing a close below to ease pressure on the 97.2100-2300
resistance region.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.