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100-DMA Acting As Support Despite......>

AUSSIE TECHS
AUSSIE TECHS: 100-DMA Acting As Support
Despite dipping back under the 0.72 level, AUDUSD has so far managed to hold
above the 100-dma at 0.7174, keeping the recovery alive. Bulls initial focus
turns to the Jan 11 high & 76.4% retracement level at 0.7235/40. On the
downside, a close below 0.7174 would give bears renewed momentum, targeting the
Jan 7 low at 0.7110, ahead of a run at broken trendline resistance-turned
support at 0.6972.

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