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Friday's False Break Keeps Downtrend...>

AUSSIE TECHS
AUSSIE TECHS: Friday's False Break Keeps Downtrend Intact
AUDUSD briefly traded above 0.7130 on Friday but the break was short lived with
the pair dropping back below 0.71 to keep the broader bearish trend intact.
Downside focus remains on the Mar 20 low at 0.7057, with a break here needed to
open the 50% retracement level & cloud base at 0.7018 ahead of the psychological
0.70 level. On the upside a close above 0.7130 is required to establish a higher
high and suggest a bullish break, opening the 0.7145/50 level which holds the
100-dma & Mar 26 high. A break opens a run at the 0.72 level & 200-dma. 

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