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AUSSIE TECHS: Pullback Remains Corrective
The pullback following yesterday's test of the 0.7440 level, just ahead of the
0.7446 down trendline has remained corrective. This keeps the bullish scenario
intact. Further layers of resistance are placed at 0.7466/86 and a move above
here would confirm the bullish trend. Bears now look for a close below 0.7380/85
to re-test major trendline support at 0.7324 for confirmation and challenge the
YTD low at 0.7311.