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0.7000 In Focus AUDUSD's bearish.......>

AUSSIE TECHS
AUSSIE TECHS: 0.7000 In Focus
AUDUSD's bearish reversal picked up pace yesterday with the pair closing in on
the March 8 low at 0.7003 and the 0.7000 handle. A break below here would return
the focus to the 0.6741 level marking the Jan 3 crash lows. To stabilise the
outlook bulls need to recover the 0.7100 level while a break back above the
200-dma at 0.7185 would shift the outlook positive and open 0.7226/46 which
represents the 76.4% retracement of 0.7295-0.7003 & the Feb 6 high.

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