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100-dma Next Up Strong Chinese PMI.....>

AUSSIE TECHS
AUSSIE TECHS: 100-dma Next Up
Strong Chinese PMI data boosted risk overnight, AUDUSD consolidated above 0.71
with the recovery extending toward 0.7135. The 100-dma & Mar 21 high provide the
initial targets for bulls at 0.7152/68, with a close above here bringing the Feb
27 high and 200-dma into play at 0.7199/7206. On the downside bears look for a
break of the Mar 27 & Mar 20 lows at 0.7069/57. Below here opens the 50%
retracement level at 0.7018, ahead of the key psychological 0.70 level.

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