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AUSSIE TECHS: 0.70 Back In Focus
A cut in the RBA's growth forecast saw AUDUSD drop below its Jan 25 low at
0.7076 earlier today, bringing the 50% retracement level at 0.7018 into focus,
ahead of the Jan 4 low at 0.6994. Bulls need a close above the 100-dma & 0.72 to
change the outlook, putting focus back on the 200-dma at 0.7282, a key level
that hasn't been closed above since March.