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AUSSIE TECHS: 0.7050 Anchors
The pair traded either side of the 0.7050 mark for a fourth consecutive session
Wednesday, shrugging off further underperformance in industrial metals prices.
Topside focus remains on a break of 0.71 & the 55-dma at 0.7105. A close above
is needed to suggest a broader recovery, opening the key 200-dma at 0.7174,
ahead of the April 17 high at 0.7206. Bears look for a close below 0.7000, with
a break of the April 25 low at 0.6988 shifting the focus back to the Jan lows.