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AUSSIE TECHS: Bullish Momentum
AUDUSD encountered support ahead of the 50-dma yesterday with the recovery
extending back above 0.72. Bulls need a break of the 0.73 level which has so far
proved hard to overcome and is growing in importance. Above here opens the Sep
26 high at 0.7315, ahead of the 0.7400 congestion zone. On the downside, a break
below 0.7161 shifts the outlook negative, targeting the Oct 26 low at 0.7021.