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AUSSIE TECHS: Range Trading
Failure to build on gains above 0.7150 has seen AUDUSD settle in narrow range
trade. Bulls need a close above 0.7200, before challenging the 2018 channel top
at 0.7209. Bears need to clear 0.7044 before targeting the key 0.70 level. Below
here would likely accelerate the broader downside move, opening channel base
support & Jan 26 2016 low at 0.6920/19.