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(Z9) Bounce unlikely to last...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Bounce unlikely to last
*RES 3: 99.2017 - 2.0% Upper Bollinger Band
*RES 2: 99.1700 - All Time Highs
*RES 1: 98.8961 - 50-dma
*PRICE: 98.8600 @ 14:55 GMT, Sep 12
*SUP 1: 98.6849 - 100-dma
*SUP 2: 98.5250 - July low
*SUP 3: 97.9950 - Apr18 Low
Weakness evident from the beginning of the week came to an end Thursday, with
the dovish ECB decision helping put a floor under global bond prices. It's
unlikely this bounce will last however, with technical indicators still pointing
south. With the 50-dma support out of the way, bears now eye levels not seen
since July, with 98.5250 the medium-term target. This adds to the argument that
bulls are becoming increasingly fatigued, making the recent highs up at 99.14 a
distant prospect.

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