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AUSSIE TECHS: Buy-The-Dip
Dip buyers ahead of 0.7140 underpinned, despite this AUDUSD has so far failed to
gain traction and consolidates in narrow range trade. The 100-dma (0.7161)
remains key at the close today, with bulls looking to clear 0.72, before putting
the focus back on down trendline resistance & 200-dma (not closed above since
March) at 0.7255/67. Bears need a break of the Feb 12 low at 0.7054 to regain
the upper hand and bring the 0.70 level back into view.