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(Z18) 98.050 In View *RES 3:....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) 98.050 In View
*RES 3: 98.110 - High Nov 30, 17
*RES 2: 98.092 - 61.8% 98.350-97.675
*RES 1: 98.067 - 38.2% 98.700-97.675
*PRICE: 97.995 @ 16:00 GMT, Dec 5
*SUP 1: 97.764 - 76.4% 97.675-98.050
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
Despite the absence of US traders, bulls made further headway Wednesday with
poor Australian GDP helping underpin another rally. This keeps focus on the
first upside target at 98.067 for now. Any recovery through here would open a
move toward the 98.092 Fib resistance level. Momentum indicators continue to
point higher, meaning this bull run could comfortably extend into the coming
week. The 97.87 200-dma remains firm support with pullbacks shallow for now. For
bears, the downside target remains at 97.764, the 76.4% retracement of the
97.675-98.050 move.

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