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

AUSSIE TECHS
AUSSIE TECHS: 21-DMA Proving Hard to Overcome
AUDUSD improved to 0.6937, before encountering resistance ahead of the May 27
high & 21-dma at 0.6939/41. This level has so far proved hard to overcome with a
break here needed to challenge the May 14 high at 0.6960 & 0.70 level. 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 area which registered a series
of previous lows through Jan 2016.

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