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(Z18) First Down Day in.........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) First Down Day in Almost 2 Weeks
*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: 97.880 @ 16:17 GMT, Nov 28
*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
The 97.87 200-dma provided firm support in a rare down day for Aussie 3yr
futures as markets largely consolidated the recent rally. Pullbacks were
shallow, keeping the momentum edge in favour of the bulls for now. This keeps
the outlook positive, keeping the first upside target at 98.067. A break above
here would expose 98.11, the highs printed back in November last year. For
bears, the downside target remains at 97.764, the 76.4% retracement of the
97.675-98.050 move. A move below here would erode the bullish outlook and prompt
markets to eye trendline support at 97.753.

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