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Shallow Bounce Fiscal stimulus.........>

AUSSIE TECHS
AUSSIE TECHS: Shallow Bounce
Fiscal stimulus comments from the Chinese FinMin underpinned risk through Asia.
AUDUSD briefly traded above 0.7050, but has so far failed to build. This keeps
the recent downtrend intact with bears focus on the 50% retracement at 0.7018,
ahead of a run at the psychological 0.70 level. Bulls need a close above 0.7050
to re-ignite momentum and bring the 100-dma at 0.7161 back into play, above
which would open the Feb 21 high at 0.7207.

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