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Set for Five Consecutive Lower Highs...>

AUSSIE TECHS
AUSSIE TECHS: Set for Five Consecutive Lower Highs
If it were to close here, AUDUSD would have seen five consecutive days of
falling highs while also breaking back below the broken multiyear up trendline
from 2001. Downside momentum is picking up, but the sideways trend remains
intact for now. The 21-dma at 0.7210 provides some short-term support. For bears
to regain control we need to close below the 50-dma at 0.7178 and the Nov 13 low
at 0.7164. To break out higher, we need to see a close back above 0.7328, the
61.8% retracement from 0.6828-0.8136.

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