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0.72 Failed Break Leaves Outlook.......>

AUSSIE TECHS
AUSSIE TECHS: 0.72 Failed Break Leaves Outlook Neutral
AUDUSD failed to consolidate gains above 0.72 and has fallen back below the 50-
and 100-dmas to find support around the 21-dma at 0.7141. This returns the
outlook to neutral. For a convincing break higher, we need to close above the
0.72 level, above which would bring the Jan 11 high & 76.4% retracement level at
0.7235/40 into play ahead of the 200dma which currently sits at 0.7299. Bears
need a move back under 0.71, returning the focus to the 38.2% retracement level
at 0.7046.

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