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Despite squeezing above $0.7100 on...........>

AUSSIE: Despite squeezing above $0.7100 on improved risk appetite during
Monday's session, recovery efforts in AUD/USD held shallow, suggesting the
downtrend remains intact. AUD/USD last ~$0.7115.
- Bears focus on a clean break of $0.7100 and the 1.618% swing target at
$0.7092, ahead of the key $0.7000 psychological level. Bulls need a break back
above $0.7305/10 to alter the short-term outlook.
- The AU NAB business survey headlines the domestic docket today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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