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A Week of Falling Highs AUDUSD is......>

AUSSIE TECHS
AUSSIE TECHS: A Week of Falling Highs
AUDUSD is set to see five consecutive days of falling highs and at the time of
writing sits back on the broken multiyear up trendline from 2001. Downside
momentum is picking up, but the sideways trend remains intact for now. The
21-dma at 0.7211 provides some short-term support. For bears to regain control
we need to close below the 50-dma at 0.7178 and the Nov 13 low at 0.7164. To
break out higher, we need to see a close back above 0.7328, the 61.8%
retracement from 0.6828-0.8136.

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