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CHINA RATES

China Repo Rates Diverge On Thursday

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Break of $0.6890 Exposed 0.6865,.......>

AUSSIE TECHS
AUSSIE TECHS: Break of $0.6890 Exposed 0.6865, Touched $0.6862
Aggressive rate cut forecasts & geopolitical tension keeps the pressure on the
downside. AUDUSD eased through support at  0.6900-0.6890 and is currently
displaying a near clean sweep of bearish sentiment, according to the MNI FX
Technical Signal Monitor. Bears target a break of the recent range lows at
0.6865(0.6862 intraday low), below here opens the 0.6825/40 area which
registered a series of previous lows through Jan 2016. The 1.618% swing target
of the recent recovery off 2019 lows of 0.6865 to 0.7023 is placed behind at
0.6767. Bulls need to recover the 21-dma & Jun 13 high, before returning the
focus towards the 0.70 level.

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