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0.72 Being Challenged A stronger.......>

AUSSIE TECHS
AUSSIE TECHS: 0.72 Being Challenged
A stronger than expected CPI print has seen AUDUSD head back towards the 0.72
resistance and at the time of writing we are challenging the level. A close
above here would reignite upside momentum and bring the Jan 11 high & 76.4%
retracement level at 0.7235/40 into play ahead of the 200dma which currently
sits at 0.7294. Bears need a move back Friday's lows at 0.7076 to return the
focus to the 38.2% retracement level at 0.7046.

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