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Drifting Ahead of The RBA Having.......>

AUSSIE TECHS
AUSSIE TECHS: Drifting Ahead of The RBA
Having failed to overcome the 200-dma (0.7290) last week, AUDUSD extends its
corrective pullback through 0.7220 ahead of the RBA rate decision. Bears need a
downside break of 0.72 & the 100-dma at 0.7173 to shift the outlook neutral. A
move below the Jan 25 low at 0.7076 would return the focus to the 38.2%
retracement level at 0.7046. Bulls continue to focus on a break of the 200-dma
for the next leg higher, this level is growing in importance having not closed
above since March.

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