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False Break Above 50-dma AUDUSD........>

AUSSIE TECHS
AUSSIE TECHS: False Break Above 50-dma
AUDUSD broke above its 50-dma and the major downtrend following yesterday's Fed
decision but closed back below both resistance levels. Renewed USD demand keeps
the broader downtrend intact with bears targeting a break of the 0.7200 level.
Through here brings the Sep 11 YTD low at 0.7085 back into play, ahead of the
psychological 0.7000 level which is reported to hold option-related support.
Bulls need a close above the 55-dma at 0.7294 to improve the short-term outlook
and target the 100-dma at 0.7390.

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