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Recovery could be a headfake: *RES.....>

AUSSIE TECHS: Recovery could be a headfake:
*RES 3: 0.6994 50-DMA
*RES 2: 0.6966 High Jun 11
*RES 1: 0.6924 20-day EMA
*PRICE: 0.6871 @ 10:08 GMT June 19
*SUP 1: 0.6832 Low Jun 18
*SUP 2: 0.6800 Round number support
*SUP 3: 0.6754 Bear channel base
AUDUSD remained under pressure for much of the session Tuesday, hitting the
lowest levels since the January 3rd flash crash, before recovering modestly to
trade near the week's open. This recovery may not last, however, with the recent
breach of support at 0.6864 confirming a resumption of the downtrend that has
opened 0.6800. This year's low of 0.6745 is now also within reach. Momentum
studies remain bearish for now, reinforcing the underlying downtrend conditions.
Look for Aussie weakness to extend.

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