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Bearish Trend Down But Not Out While...>

AUSSIE TECHS
AUSSIE TECHS: Bearish Trend Down But Not Out
While the pair reclaimed the 0.7200 handle Tuesday, there's little evidence that
a bullish breakout is forthcoming. A close above the mark will go some way to
repairing the damage, but the proximity to the Sep 11 YTD low at 0.7085 remains
in sight. Below there, the 0.7000 psychological level is reported to hold
option-related support. Bulls need a convincing break and close above the 0.72
level to change the short-term outlook and focus on the 0.7310/15 area which
holds the 76.4% retracement level & long-term downtrend resistance off the Jan
26 2018 high.

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