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50-DMA Key For Bears Despite briefly...>

AUSSIE TECHS
AUSSIE TECHS: 50-DMA Key For Bears
Despite briefly trading above the 0.72 level, the 50-dma continues to cap
topside gains on a closing basis. Bears initially need to clear the Dec 14 low
at 0.7151 to reignite downside momentum, opening the ytd low at 0.7021 ahead of
the 0.70 psychological level. A close above the 50-dma would see bulls target
the 100-dma at 0.7220, ahead of the 61.8% retracement level of the December
downtrend at 0.7302.

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