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Potential False Break Above 50-dma.....>

AUSSIE TECHS
AUSSIE TECHS: Potential False Break Above 50-dma
AUDUSD broke above both its 50-dma and the major downtrend following the Fed
decision but closed back below both resistance levels keeping the broader
downtrend intact. Failure to hold above 0.7200 would bring the Sep 11 YTD low at
0.7085 back into play. Below there, the 0.7000 psychological level is reported
to hold option-related support. Bulls need a close above the 55-dma at 0.7294 to
improve the outlook and target the 100-dma at 0.7390. 

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