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AUSSIE TECHS: Bears Target Range Lows
AUDUSD reclaimed the 0.71 handle, but has so far struggled to gain traction.
This keeps the downside in focus, with bears looking for a break of the Feb 12
low at 0.7054, ahead of the 50% retracement level at 0.7018. To regain upside
momentum, bulls need a close above yesterday's high at 0.7207, which would bring
the 200-dma at 0.7263 into view.