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100-DMA Anchors After modest...........>

AUSSIE TECHS
AUSSIE TECHS: 100-DMA Anchors
After modest weakness late in the US session Tuesday, bulls will have been
cheered by the recovery Wednesday, with AUD/USD eyeing a close above the
100-dma. For an upside breakout to be confirmed, markets need to see a close
back above 0.7328, the 61.8% retracement from 0.6828-0.8136. On the downside, a
close below 0.7200 would shift the outlook negative opening the 50-dma at 0.7178
and the Nov 13 low at 0.7164.

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