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0.72 Proves A Step Too Far Last........>

AUSSIE TECHS
AUSSIE TECHS: 0.72 Proves A Step Too Far
Last week's failure to cling to close above the 200-dma and the 0.72 level has
allowed bears to regain some momentum. A break back below the 100-dma at 0.7132
would shift the focus back to the 0.71 handle. Below here opens the 38.2%
retracement & Mar 29 low at 0.7083/73. To regain the upper hand bulls need to
recover the 200-dma to open a move towards 0.7226/46 which represents the 76.4%
retracement of 0.7295-0.7003 & Feb 6 high. 

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