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The cross continues to edge away from...>

AUSSIE-KIWI
AUSSIE-KIWI: The cross continues to edge away from the near 4-month highs that
were made last week, to deal at 1.0855.
- Bears continue to look for a close below the high from May 11 at 1.0843 to
initially target the 100-DMA at 1.0756 and then the 55-DMA at 1.0703 below.
Correcting overbought studies add weight to the case for a correction. Bulls now
need a close above the May 25 low of 1.0906 to regain the upper hand.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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