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Below 50-dma Keeps Downtrend In........>

AUSSIE TECHS
AUSSIE TECHS: Below 50-dma Keeps Downtrend In Place
AUDUSD's failure to hold above the 50-dma and downtrend resistance last week has
allowed bears to target the 0.7200 level, which is holding firm for now. A break
below here brings the Sep 11 YTD low at 0.7085 back into play, ahead of the
psychological 0.7000 level which is reported to hold option-related support.
Bulls need a close above the 50-dma at 0.7286 to improve the short-term outlook
and extend the recovery.

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