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200-DMA Holds On A Closing Basis.......>

AUSSIE TECHS
AUSSIE TECHS: 200-DMA Holds On A Closing Basis
While strong Chinese data helped boost AUD to as high as 0.7206 yesterday, the
pair was unable to close above its 200-dma which comes in at 0.7190. A close
above here and the Feb 21 high at 0.7207 is need to reignite upside momentum
towards 0.7226/46 which represents the 76.4% retracement of 0.7295-0.7003 & Feb
6 high. Bears need a break back under the 100-dma to shift the focus towards the
0.71 handle. Below here opens the 38.2% retracement & Mar 29 low at 0.7083/73.

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