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AUSSIE TECHS: Election Gains Giving Way
AUDUSD hit as high as 0.6938 at the open on the back of the coalition's election
victory but gains have since been largely given back to return the focus to
Friday's low at 0.6865. A downside break below here would accelerate the
downtrend towards the 0.6825/40 area which registered a previous series of lows
through Jan 2016. Bulls need to recover 0.6938 to return the focus to the 21-dma
at 0.6995. 

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