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21-DMA Proving Hard to Overcome........>

AUSSIE TECHS
AUSSIE TECHS: 21-DMA Proving Hard to Overcome
Early risk was quickly faded through Europe with a reversal to the 0.6915 area.
Bears look to clear 0.69 to return the focus to the range lows at 0.6865. A
break here would accelerate the move towards the 0.6825/40 zone which registered
a series of previous lows through Jan 2016. Bulls need to clear 0.6940 & the
21-dma which 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.

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