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Testing 21-DMA Support After posting...>

AUSSIE TECHS
AUSSIE TECHS: Testing 21-DMA Support
After posting five consecutive days of falling highs last week AUDUSD sits back
on the broken multiyear up trendline from 2001. Downside momentum is picking up,
but the sideways trend remains intact for now. The 21-dma at 0.7217 provides
some short-term support. For bears to regain control we need to close below the
50-dma at 0.7180 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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