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200-DMA Key At The Close The solid.....>

AUSSIE TECHS
AUSSIE TECHS: 200-DMA Key At The Close
The solid AU jobs report was quickly faded overnight with a quick reversal to
0.7165. Despite this, the recent uptrend remains intact with key focus on the
200-dma today, a level not closed above since March 2018. Above here would shift
the outlook bullish opening a move toward 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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