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AUD/NZD bears require progress

  • Cross is slightly softer in a tight Asian range after yesterday's 1.0400 failure

  • Neutral momentum studies - 5, 10 & 20 dma's move lower - modest negative

  • Bias is for a 1.0300 test, but progress required to sustain

  • Initial support/resistance are earlier 1.0355 high & yesterday's 1.0326 low

 

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