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AUSSIE TECHS: Struggles ahead of 50-dma
Topside gains have been hard to come by with the rate failing to crack the
$0.7139 50-dma on several occasions this week. Any close above the $0.71 handle
will add to today's positive momentum and a break of the 50-dma will set up
bulls nicely for $0.7162 and $0.7274 beyond. A weak close today would suggest a
resumption of the longer term bear market.