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(Z9) Range Contracts *RES 3:...>

AUSSIE 10-YEAR TECHS
AUSSIE 10-YEAR TECHS: (Z9) Range Contracts
*RES 3: 99.0358 - 76.4% retracement of the Oct 8 - Nov 11 decline
*RES 2: 99.0150/98.9984 - High Nov 28 / 2.0% Upper Bollinger Band
*RES 1: 98.9700 - High Dec 5
*PRICE: 98.8550 @ 20:41 GMT, Dec 11
*SUP 1: 98.7679 - Former channel resistance
*SUP 2: 98.6850 - Low Nov 13
*SUP 3: 98.6500 - Low Nov 8 and primary support
Ranges remain defined by the levels seen in early December, with daily ranges
contracting since then as the roll continues from Dec-19 to Mar-20. This has
clouded the technical outlook somewhat, but has given bears some pause for
thought as prices look slightly more stable. It still looks too soon to call for
an extension of the recent recovery though. Nonetheless, prices show little sign
of retreating much further with mid-November lows holding for now. Momentum will
be needed before the outlook turns convincingly positive, with bulls needing to
reclaim 99.0150.

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