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AUSSIE TECHS: Consolidating Trend
AUDUSD comfortably holds above the 50-dma (0.7137) amid the backdrop of renewed
dollar sales. A close above the 100-dma at 0.7161 allows bulls to focus on the
key 200-dma at 0.7271, a level not closed above since March. Bears need a break
of the Feb 12 low at 0.7054 to regain control. Below here shifts focus to the
0.70 level to resume the longer term downtrend.