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Consolidation Phase The solid AU.......>

AUSSIE TECHS
AUSSIE TECHS: Consolidation Phase
The solid AU jobs report was quickly faded overnight, before broad-based dollar
demand further extended the corrective pullback through 0.7150. Topside focus
remains on the 200-dma, a level not closed above since March 2018. Above here
would shift the outlook bullish opening a move toward 0.7226/46 which represents
the 76.4% retracement of 0.7295-0.7003 & Feb 6 high. Bears need to clear the
100-dma to shift the focus back towards the 0.71 handle. Below here opens the
38.2% retracement & Mar 29 low at 0.7083/73.

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