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(Z18) Upside Resumes *RES 3:....>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (Z18) Upside Resumes
*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: 97.915 @ 16:28 GMT, Nov 29
*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
After the first slip lower in prices in close to a fortnight Wednesday, bulls
regained control Thursday, resuming their focus on recent cycle highs at 97.98.
The 97.87 200-dma remains firm support with pullbacks shallow for now. This
keeps the momentum edge in favour of the bulls. This keeps the outlook positive,
keeping the first upside target at 98.067. A break above here would expose
98.11, the highs printed back in November last year. For bears, the downside
target remains at 97.764, the 76.4% retracement of the 97.675-98.050 move.

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