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Both Brent & WTI Show at New Cycle Highs


Update: Scaling Back Support

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AUSSIE TECHS: 0.70 Remains in Focus
AUDUSD continues to grind lower after falling away from the 0.72 level.
Wednesday's softer than expected CPI print and further risk off sentiment has
helped propel AUD lower with the pair closing in on the March 8 low at 0.7003
and the 0.7000 handle. A break below here would return the focus to the 0.6741
level marking the Jan 3 crash lows. To stabilise the outlook bulls need to
recover the 0.7100 level while a break back above the 200-dma at 0.7185 would
shift the outlook positive and open 0.7226/46 which represents the 76.4%
retracement of 0.7295-0.7003 & the Feb 6 high.
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