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50-dma Grows In Importance While a.....>

AUSSIE TECHS
AUSSIE TECHS: 50-dma Grows In Importance
While a close above 0.7350 will embolden some, the real test lies ahead with the
50-dma proving highly successful resistance time and again over the past few
months. This currently sits at 0.7375. A close above here would change the
picture somewhat and open potential gains toward August highs of 0.7453. A close
below yesterday's low at 0.7307 would allow bears to focus on the YTD low at
0.7203, which needs to hold to prevent a potential downside acceleration.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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