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Holding Its Lows For Now AUDUSD has....>

AUSSIE TECHS
AUSSIE TECHS: Holding Its Lows For Now
AUDUSD has managed to cling onto the 0.7050 level despite a brief break below
this level in late US trade, but the bounce has been unconvincing and the
broader downtrend continues to dominate. A break below yesterday's low of 0.7044
would target the key 0.70 level, which is reported to hold option-related
support. A break below would likely accelerate the broader downside move,
opening channel base support & Jan 26 2016 low at 0.6920/19. Bulls need to break
above yesterday's high at 0.7130 to open the key 0.7200 resistance level.

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