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(Z18) Building A Base At.......>

AUSSIE 10-YEAR TECHS: (Z18) Building A Base At 97.1950
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*PRICE: 97.2650 @ 15:23 GMT, Oct 12
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Prices Friday remained anchored by the 50% retracement of the Oct3-Oct10
decline, preventing bulls from having another go at challenging the week's best
levels. The recovery topped out at 97.2850, marking the high watermark for bulls
to target, who will have taken confidence from the contract's ability to hold
above the recent 97.195 low. It's too soon to call for a bullish breakout, with
the medium-term trend still tilted bearish. This leaves the next key support
levels at the early June lows of 97.145. A break below there could open a move
toward the 97.050 printed in May.

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