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Multi-year lows AUDUSD touched.........>

AUSSIE TECHS: Multi-year lows
AUDUSD touched multi-year lows of 0.7002 after the release of soft Caixin China
mfg PMI data. Despite staging a minor recovery through Europe, exhaustion ahead
of $0.7050 with added weight via AUDJPY extended the downtrend. The
psychological 0.70 level is increasing in importance, a break here is likely to
accelerate the move, opening a run at the 2016 low at 0.6827. Bulls need to
close above down trendline resistance at 0.7063, opening the 100-dma at 0.7190
to build on recent momentum.

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