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(Z18) Lower Lows *RES 3:.......>

AUSSIE 10-YEAR TECHS: (Z18) Lower Lows
*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: 97.2200 @ 15:32 GMT, Oct 10
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
The (very) modest overnight recovery faded quickly Wednesday, pressing prices
back toward the lower-end of the recent range. This keeps the balance leaning in
favour of the bears. While the brief show below 97.20 failed to usher in an
extended move lower, the bullish argument has been dented further by the
printing of lower lows. A fresh rally through the 50-dma will be required for
upside momentum to pick up. 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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