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0.73 Gaining Importance Despite........>

AUSSIE TECHS
AUSSIE TECHS: 0.73 Gaining Importance
Despite briefly trading above 0.73 yesterday, the risk averse theme has seen a
minor retracement to the 0.7235/40 area. Bears need a break back below the
50-dma at 0.7161 to re-test broken down trendline resistance-turned-support from
the Feb highs, which comes in at 0.7150. Below here opens the Oct 26 low at
0.7021. The 0.73 level is growing in importance with bulls needing a close above
to challenge the Sep 26 high at 0.7315, ahead of the 0.7400 congestion zone.

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