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(U2) Recovers Off Lows, Remains Neutral


Pierces Key Support


Corrective Cycle Extends

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A$1.4830 & A$1.4997 Levels Key ...>

EURO-AUSSIE TECHS: A$1.4830 & A$1.4997 Levels Key 
*RES 4: A$1.5093 - High Aug 30
*RES 3: A$1.5043 - High Sept 1
*RES 2: A$1.4997 - High Sept 7
*RES 1: A$1.4951 - High Sept 11
*PRICE: A$1.4914 @ 2100GMT
*SUP 1: A$1.4865 - 55-DMA 
*SUP 2: A$1.4859 - 100-DMA 
*SUP 3: A$1.4830 - Low Sept 6 
*SUP 4: A$1.4792 - Low Aug 18
*COMMENTARY: Topside follow through was lacking again last week although bulls
take comfort in support emerging on dips below the 55 & 100-DMAs. Bears continue
to look for a close below A$1.4830 to confirm breaks of DMAs and shift focus
back to A$1.4422-94 where the 200-DMA and July lows are noted. Bulls still need
a close above A$1.4997 to ease pressure on supports and above A$1.5093 to return
focus to A$1.5175-1.5226.

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