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Too Soon To Call For Recovery After....>

AUSSIE TECHS: Too Soon To Call For Recovery
After Tuesday's constructive price action, Wednesday saw AUD strengthen further,
and approach the 38.2% retracement foer the recent sell-off. Nonetheless, the
market remains happy to sell rallies, keeping the focus on the downside. Bears
continue to target the key 0.70 level, which is reported to hold option-related
support. A break below would likely accelerate the broader downside move,
opening channel base support & Jan 26 2016 low at 0.6920/19.

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