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AUSSIE TECHS: Constructive Short-Term Picture
The pullback from Friday's rebound high has looked corrective and has found some
support at 0.7374, which keeps the near-term focus higher. Bulls need a close
above 0.7412 shifting focus to the upper end of the recent trading range, where
the next layers of resistance are formed at 0.7466/86. Bears now look to close
below major trendline support at 0.7324 for confirmation and challenge the YTD
low at 0.7311.