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0.7200 Proved Hard to Overcome.........>

AUSSIE TECHS
AUSSIE TECHS: 0.7200 Proved Hard to Overcome
Recovery efforts stalled ahead of 0.72 with the subsequent retracement extending
back through 0.7150 on broad dollar strength. This keeps the short-term outlook
neutral with downside focus on the Feb 21 & Feb 12 lows at 0.7070/54, below here
opens the focus to the 50% retracement level at 0.7018. Bulls need to take out
the Jan 21 high at 0.7207 to reignite momentum, opening a move toward the
200-dma at 0.7257.

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