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Fails to Gain Traction The break of....>

AUSSIE TECHS
AUSSIE TECHS: Fails to Gain Traction
The break of the lower boundary of the major trading range, which had developed
since mid-June has kept the bearish tone intact. Indeed, rallies above $0.7320
continue to be sold which has seen The AUD accelerate to new YTD lows as a
result. The next target on the downside is likely to be channel support coming
in at the 0.7231 level. To stabilise the outlook, gains above 0.7347 would be
needed at this stage.

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