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50-dma Holding...For Now AUDUSD........>

AUSSIE TECHS
AUSSIE TECHS: 50-dma Holding...For Now
AUDUSD continues to challenge the 50-dma. Despite closing above here on Monday,
recovery efforts have so far remained shallow to keep the downside in check. A
break of 0.7184 would see bears regain control, targeting cloud base support at
0.7140, ahead of a return to the ytd lows at 0.7021. Bulls need a close above
the 100-dma at 0.7233 to build on recent momentum, opening a run at the 0.74
level & 200-dma at 0.7406.

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