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(Z18) Status Quo *RES 3:........>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Status Quo
*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: 97.845 @ 16:30 GMT, Nov 20
*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
Few fresh technical clues arose in the Tuesday session, keeping the wider
picture unchanged for the Aussie bond market. The downside target remains at
97.764, the 76.4% retracement of the 97.675-98.050 move. A move below here would
cement the mildly negative outlook and keep 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.

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