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Germany moves of the lows


Minutes: Hawk / Dove Merry-go-round

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AUSSIE TECHS: EMAs Highlight Key Support
*RES 4: 0.6684 1.00 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.6613 High Mar 10
*RES 2: 0.6570 High Apr 30
*RES 1: 0.6512 Intraday high
*PRICE: 0.6438 @ 16:40 BST May 1
*SUP 1: 0.6406 High Apr 23
*SUP 2: 0.6367/60 50-day EMA / 20-day EMA and key support zone
*SUP 3: 0.6337 Low Apr 24
*SUP 4: 0.6254 Low Apr 21 and key near-term support
AUDUSD stalled at 0.6570, the Thursday high. The pair Traded lower Friday and
attention turns to a key area of support at 0.6367/60. These are the 50- and
20-day EMA levels. An ability to hold above this support zone would leave the
current uptrend intact. Clearance of yesterday's high would in turn confirm a
resumption of the uptrend and open 0.6613, Mar 10 high and 0.6684/85, a
Fibonacci projection and Mar 9 high. A breach of the EMA's would concern bulls.

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