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BLOCK, Long Green Dec'23 Put Spd

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

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Lower Lows
*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: 97.795 @ 16:16 GMT, Nov 8
*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
Losses accelerated on the break through mid-September lows, pressing Dec-18
futures to the lowest levels since mid-June. This shifts the downside target to
97.764, the 76.4% retracement of the 97.675-98.050 move. This cements the
negative outlook following the drubbing last week and keeps short-term momentum
in favour of the bears. Bulls are forced to target 97.98 and will need to
recover above here to repair the technical picture. A break above here would
keep recent highs printed in early September at 98.05 in focus, sitting just
below key Fibo resistance at 98.067.