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0.71 Fails To Hold AUD has failed to...>

AUSSIE TECHS
AUSSIE TECHS: 0.71 Fails To Hold
AUD has failed to consolidate gains above the 0.71 level which gives bears an
opportunity to target the 50% retracement level at 0.7018 ahead of the key
psychological 0.70 level. Below here would suggest a resumption of the longer
term bear market. Bulls need to recover the 100-dma at 0.7163 to open the 0.72
level. Above here would put the focus back on the 200-dma at 0.7274, a key level
that hasn't been closed above since March. 

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