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Dead Cat Bounce? Rate managed to.......>

AUSSIE TECHS
AUSSIE TECHS: Dead Cat Bounce?
Rate managed to hold Friday's lows Monday but the broader downtrend remains
firmly intact as bears eye the key 0.70 level, which is reported to hold
option-related support. A break is expected to accelerate any downside move,
opening channel base support & Jan 26 2016 low at 0.6920/19. Bulls need to
reclaim 0.72 and close above the 50-dma at 0.7248 to improve the short-term
outlook.

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