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Additional arguments against a rally are represented by the technical indicators (daily and weekly) and a tough supply area at 1.45, which is created by the weekly pivot point, 200-period SMA and a down-trend. EUR/AUD is therefore expected to push through the nearest supports, but it must be noted that the dip may not reach the lower boundary of the channel at 1.41, as there is an eight-month falling line at 1.42 standing above it.
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