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100-DMA Next up Renewed risk...........>

AUSSIE TECHS
AUSSIE TECHS: 100-DMA Next up
Renewed risk appetite underpinned through Asia, AUDUSD extended gains with the
recovery briefly trading above the 50-dma to 0.7131. This brings the 100-dma
back into view at 0.7157, with a break needed to open the 0.72 level and 200-dma
at 0.7212. Bears target a close under 0.71 to keep the recent downtrend intact
and put the focus back on the March 20 low at 0.7057. Below here opens the 50%
retracement level at 0.7018, ahead of a run at the key psychological 0.70 level.

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