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AUD Underpinned by Less Dovish RBA.....>

AUSSIE TECHS
AUSSIE TECHS: AUD Underpinned by Less Dovish RBA
AUD squeezed to the top of G10 after the RBA failed to allude to a more neutral
view on MonPol. Despite paring light gains bulls focus remains on the 200-dma at
0.7289, a key level that has failed to close above since March. The Dec 5 high
is placed behind at 0.7356, ahead of a run at the 0.74 area. Bears need a close
below 0.72 & the 100-dma at 0.7174 to shift the outlook neutral. A move below
the Jan 25 low at 0.7076 would return the focus to the 38.2% retracement level
at 0.7046.

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