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KRW

Won Rallies More than 1%

JGBS AUCTION

Japanese MOF sells Y4.7714tn 3-Month Bills:

JGBS

Long End Leads The Morning Bid

US TSYS

Very Modest Bid Seen

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AUSSIE TECHS
AUSSIE TECHS: Focus Remains On The Bull Trigger
*RES 4: 0.6695 High Feb 20
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6613 High Mar 10
*RES 1: 0.6570 High Apr 30 and bull trigger
*PRICE: 0.6516 @ 16:32 BST May 12
*SUP 1: 0.6432 Intraday low
*SUP 2: 0.6373 Low May 5 and key near-term support
*SUP 3: 0.6337 Low Apr 24
*SUP 4: 0.6254 Low Apr 21 and bear trigger
AUDUSD is managing to hold above a support zone highlighted by the 20- and
50-day EMA levels and last week defined a key short-term support at 0.6373, May
4 low. While 0.6373 holds, the uptrend remains intact with attention on key
resistance at 0.6570. A break would resume the uptrend and open 0.6613 and
0.6684/85. Clearance of the EMA zone at 0.6412/6390 today, and of support at
0.6373 would concern bulls.

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