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AUSSIE TECHS: Late Rally Puts Paid to Dovish RBA
AUDUSD initially struggled to gain any traction, but the recent downtrend was
reversed somewhat ahead of the close, prompting a rally just shy of the $0.7150
level. Bulls look for a close above the 100-dma at 0.7160 to build on recent
momentum, putting focus back on the 200-dma at 0.7269, a level not closed above
since March. Bears need a break of the Feb 12 low at 0.7054 to bring the 0.70
level back into view.