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0.7050/55 Providing Stubborn...........>

AUSSIE TECHS
AUSSIE TECHS: 0.7050/55 Providing Stubborn Resistance
Bulls managed to defend the key 0.7000 level on Friday, but recovery efforts
have lacked momentum with the 0.7050/55 area proving hard to overcome.
Consolidation above would stabilise the outlook and bring cloud top resistance &
21-dma into view at 0.7102. Bears need a break of the psychological 0.70 level,
opening a deeper correction toward the Jan 4 low & 61.8% retracement level at
0.6994/53.

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