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Stocks Testing Wednesday High

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(Z18) Gradual Grind Higher.....>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Gradual Grind Higher
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.2850 @ 16:23 GMT, Nov 14
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Wednesday saw prices grind slowly higher, but stopped short of any bullish
breakout with resistance still seen ahead at 97.36. For bears to regain the
upper hand, a close below the Nov9 lows at 91.19 would renew downside pressure
and open the door to further declines down to 97.1450 and YTD lows. The upside
target remains at key Fib retracement at 97.5950 and the 97.62 highs printed
back in April last year. Holding below the 97.2879 200-dma keeps medium-term
momentum negative.