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(Z18) Momentum Stalling *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z18) Momentum Stalling
*RES 4: 97.6200 - High April 8, 17 (Continuation chart)
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4400 - Oct26 high
*PRICE: 97.3850 @ 16:32 GMT, Oct 30
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
*SUP 4: 96.8950 - 50% 95.5900-98.2000
Despite printing a higher high Monday, prices pulled back throughout the Tuesday
session but remain well toward the upper end of the recent range. This keeps the
overall technical picture positive and retains the upside target of key Fib
resistance at 97.5950 and the 97.62 highs printed back in April last year. Any
break lower will need to challenge the 200-dma at 97.2834 before re-testing the
97.1950 printed in mid-October.

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