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0.71 Remains A Step Too Far - AUDUSD...>

AUSSIE TECHS
AUSSIE TECHS: 0.71 Remains A Step Too Far
- AUDUSD once again stalled ahead of the 0.71 level on Thursday, with the
retracement extending back through 0.7050. Early Asia trade has seen the rate
peak at 0.7093. 0.71 is starting to grow in importance with a break needed to
challenge the 100-dma & Feb 25 high at 0.7160/84. Bears' downside focus remains
on the psychological 0.70 level, while a break below here would resume the
longer term downtrend toward the Jan 3 ytd low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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