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Downtrend Intact For Now The 50-dma....>

AUSSIE TECHS
AUSSIE TECHS: Downtrend Intact For Now
The 50-dma at 0.7305 is the next hurdle to overcome for the bulls as they look
to break out of the medium-term downtrend. This level coincides with down
trendline resistance off the Jan 26 2018 high. Failure to hold above 0.7250 and
a subsequent reversal through 0.7200 would bring the Sep 11 YTD low at 0.7085
back into play. Below there, the 0.7000 psychological level is reported to hold
option-related support.

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