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AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

ASIA

Coming up in the Asia-Pac session on Friday:

USDCAD TECHS

Returning Lower

US TSYS SUMMARY

Risk-On Ahead July Employment Report

50-DMA Downside Support AUDUSD.........>

AUSSIE TECHS
AUSSIE TECHS: 50-DMA Downside Support
AUDUSD encountered support ahead of its 50-dma & broken down trendline
resistance-turned-support at 0.7161/50 yesterday, to keep the recent recovery
intact. Bulls need a break of the 0.73 level which has so far proved hard to
overcome and is growing in importance. Above here opens the Sep 26 high at
0.7315, ahead of the 0.7400 congestion zone. On the downside, a break below
0.7164 shifts the outlook negative, targeting the Oct 26 low at 0.7021.