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0.7328 Still Playing a Role Friday's...>

AUSSIE TECHS
AUSSIE TECHS: 0.7328 Still Playing a Role
Friday's break above the Nov 8 high had increased short-term optimism but after
looking likely to fail a break above 0.7328, we have failed to confirm the
bullish trend. To reignite the move higher, a close above here would see the
0.7400 congestion zone move into focus ahead of the 200-dma at 0.7449. On the
downside, a break below the broken multiyear uptrend support at 0.7225 would
shift the outlook bearish, while a move below 0.7161 would up the Oct 26 low at
0.7021.

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