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The cross has edged higher........>

AUSSIE-KIWI TECHS
AUSSIE-KIWI TECHS: The cross has edged higher today and breached an important
resistance at 1.0506, Feb 11 high.
- This establishes a bullish price sequence of higher highs and higher lows and
paves the way for an extension of the recovery in place since the Jan 27 low.
- Momentum studies are bullish, reinforcing current conditions.
- The focus is on 1.0551 with an objective beyond this at 1.0587, 50% of the Nov
- Jan decline. Note the 38.2% retracement has today been tested.
- Initial support is at 1.0477.

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