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50-DMA Acting As Resistance The........>

AUSSIE TECHS
AUSSIE TECHS: 50-DMA Acting As Resistance
The 50-dma is now acting as resistance at 0.7194 following last week's bearish
break. A close above allows bulls to target the 100-dma at 0.7224, before
focusing on the 61.8% retracement level of the December downtrend at 0.7302.
Below 0.7151 keeps focus on the downside with bears targeting the ytd low at
0.7021, ahead of the key 0.70 psychological level.

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