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

AUSSIE TECHS
AUSSIE TECHS: 0.72 Being Challenged
A stronger than expected CPI print saw AUDUSD head back towards the 0.72
resistance, before fading a little in the London afternoon. A close above 0.72
would shift the outlook decidedly more bullish and would reignite upside
momentum, bringing 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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