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Recovery Stalling As 0.73 Caps Gains...>

AUSSIE TECHS
AUSSIE TECHS: Recovery Stalling As 0.73 Caps Gains
AUDUSD remains unable to mount the 0.7300 level as the rally from the lows shows
signs of fading. Bears need a break back below the 50-dma at 0.7161 to test
broken down trendline resistance-turned-support from the Feb highs, which comes
in at 0.7150. Below here re-opens the Oct 26 low at 0.7021. On the upside, a
close above 0.73 opens the Sep 26 high at 0.7315, above which would turn the
focus towards the 0.7400 congestion zone.

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