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1.30 Gives Way Risk-averse markets......>

CABLE TECHS
CABLE TECHS: 1.30 Gives Way
Risk-averse markets amid a broadly stronger USD has seen the 1.30 level
breached. Failure to hold above here would shift the outlook back to neutral, a
break below 1.2900 would see downside momentum build with bears targeting the
1.2750 level and Aug 15 low at 1.2662. While a close above, retains the bullish
trend with the 50-dma acting as near-term resistance at 1.3037. A break here
would confirm a solid base is forming, opening the August highs at 1.3143.

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