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AUSSIE TECHS: 0.73 Holding For Now
AUDUSD has challenged, and once again failed to break 0.7300, giving more
importance to this level. The Sep 26 high is placed behind at 0.7315, above here
and bulls focus turns to the 0.7400 congestion zone ahead of a potential return
to the 200-dma at 0.7470. Bears need a break back below the 50-dma at 0.7160 to
test broken down trendline resistance-turned-support from the Feb highs, which
comes in at 0.7150. Below here re-opens the Oct 26 low at 0.7021.