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(Z17) Correcting After last.....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z17) Correcting After last Weeks Failure At 98.080
*RES 4:  98.140 Repeated daily highs June
*RES 3:  98.120 76.4% Fibo of 98.240-97.720
*RES 2:  98.080 Nov 5, Nov 6 highs
*RES 1:  98.060 Nov 7 high
*PRICE:  98.030 @ 2200GMT
*SUP 1:  97.980 Nov 3 low
*SUP 2:  97.940 Oct 27 high, 38.2% of 97.720-98.080
*SUP 3:  97.900 Oct 27, 30 lows, 50% of 97.720-98.080
*SUP 4:  97.850 Congestion area mid Oct, 61.8% 97.720-98.080
*COMMENTARY* Unable to sustain a break above the previous 98.030 resistance last
week. A high of 98.080 before succumbing to some near term overbought
conditions. This sees the Nov 3 low at 97.980 as the first support of note and
protection against a greater correction of gains seen since the Sep 21 low at
97.720. Meanwhile, resistance falls slightly to 98.060, back above here needed
before the upside back in vogue.

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