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***AUDUSD printed fresh 10 year lows of......>

AUSSIE
AUSSIE: ***AUDUSD printed fresh 10 year lows of $0.6677 Wednesday in sympathy
with the NZD after the unexpected RBNZ 50bps cut. The risk-averse theme also
played a part, but this has unwound somewhat and we are starting to see some
important candlestick patterns breached which could aid the recovery.
- AUDUSD charted an inverted hammer on Tuesday. Yesterday's close above $0.6800
was a bullish signal with upside focus on $0.6880 which represents the 50%
retracement level of the Jul-Aug fall.
- EURAUD charted a hanging man candle pattern on Tuesday. Yesterday's close
below A$1.6458 further cements the downtrend with support at A$1.6400 from the
Jun 25 high, below here opens A$1.6341 which represents the 50% retracement of
A$1.5894-1.6787.
- GBPAUD charted a shooting star candle which is a bearish reversal pattern. The
corrective pullback moved through the 50 & 200-dma's to A$1.7792, opening a
return to A$1.7714 which represents the 76.4% retracement of A$1.7561-1.8208.

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