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100-dma Under Pressure AUDUSD has......>

AUSSIE TECHS
AUSSIE TECHS: 100-dma Under Pressure
AUDUSD has fallen back after failing to break the 0.7328 level convincingly, the
61.8% retracement from 0.6828-0.8136. At the time of writing the 100-dma at
0.7255 was under pressure, a break of which would likely see the broken
multiyear trendline come under renewed pressure at 0.7225. A break below here
would open the Nov 13 low of 0.7164 ahead of the Oct 26 low at 0.7021. Bulls
initially need a convincing break above 0.7328 before targeting the 0.7400
congestion zone ahead of the 200-dma at 0.7446.

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