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(Z9) Downside Extension *RES...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Downside Extension
*RES 3: 98.8509 - Bear channel resistance drawn off Oct 9 high
*RES 2: 98.8100 - Low Oct 22 and former breakout point
*RES 1: 98.7950 - High Nov 7
*PRICE: 98.6750 @ 19:12 GMT, Nov 7
*SUP 1: 98.6550 - Intraday low
*SUP 2: 98.6303 - Bear channel base drawn off Oct 9 high
*SUP 3: 98.6100 - 1.000 projection of Oct 8 - Oct 22 decline from Oct 25 high
Aussie 10yr has suffered a significant sell-off today in line with general bond
market weakness. Today's activity has resulted in a continuation of the dominant
downtrend confirming an extension of the price sequence of lower lows and lower
highs that defines a downtrend. The break lower paves the way for weakness
towards 98.6303 next, the base of a bear channel drawn off the Oct 9 high.
Resistance is located at 98.7950, Nov 7 high.

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