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(Z18) Stands Pat *RES 3:........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Stands Pat
*RES 3: 98.110 - High Nov 30, 17 (Continuation Chart)
*RES 2: 98.092 - 61.8% 98.350-97.675 (Continuation Chart)
*RES 1: 98.067 - 38.2% 98.700-97.675
*PRICE: 97.830 @ 16:20 GMT, Nov 7
*SUP 1: 97.795 - High June 11/13 now support
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
The Dec contract weakened further Wednesday, touching the lowest since late
September to cement the negative outlook following the drubbing last week. This
keeps short-term momentum in favour of the bears, with downside focus eyeing the
97.795 mark and 97.753 trendline support. 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.

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