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EGB SYNDICATION

Austria triple tranche mandate

COPPER TECHS

(H2) Testing The 50-Day EMA

EGB SYNDICATION

Greece 10-Yr Mandate

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AUSSIE TECHS
AUSSIE TECHS: 0.70 Under Pressure
Having initially found support around 0.7000/05, AUD bears took out this key
level extending the downtrend to 0.6988. A close below 0.70 would see the
downtrend continue with full force. This would bring the 61.8% retracement of
the Jan recovery at 0.6953, ahead of the lower boundary of the 3.0% 10-dma
envelope. Below here would return the focus to the Jan 3 flash crash lows of
0.6741. To stabilise the outlook bulls need to recover the 0.7100 level, while a
break back above the 100-dma at 0.7124 would shift the outlook positive and open
the 200-dma & 0.72 level.
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