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Despite touching lows of $0.6988.............>

AUSSIE
AUSSIE: Despite touching lows of $0.6988 yesterday, AUDUSD rallied to close
above the key $0.70 level. Bulls need to take out the Apr 24 recovery high at
$0.7050, before targeting a run at the $0.71 level & 100-dma at $0.7123. Bears
will look to clear $0.70 to extend the major downtrend and bring the 61.8%
retracement of the Jan recovery into play at $0.6953. Its also worth noting that
AUDUSD charted a long-legged Doji candle pattern which is a sign of impending
trend change.
- AUDJPY holds toward the peak of its Y78.17-54 range with focus on the 100-dma
at Y78.87. 

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