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AUSSIE 10-YEAR TECHS: (Z18) Inside Session
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.2600 @ 16:43 GMT, Nov 13
*SUP 1: 97.1900 - Nov 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
Tuesday trade erased much of the upside seen Monday, turning the near-term
outlook largely neutral. This adds further to the argument that we may see a
period of stabilisation and neutrality in the coming sessions. 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.