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21-DMA Next Up For Bulls AUDUSD........>

AUSSIE TECHS
AUSSIE TECHS: 21-DMA Next Up For Bulls
AUDUSD remains locked in narrow range trade with bulls looking to clear 0.6940 &
the 21-dma, a level that has so far proved hard to overcome. A positive close
would cement the uptrend, while a break of the May 14 high at 0.6960 would
suggest a bullish reversal. Bears look to clear 0.69 to return the focus to the
range lows at 0.6865. A break here would accelerate the downtrend towards the
0.6825/40 area which registered a series of previous lows through Jan 2016.

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