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50-DMA Key For Direction The 50-dma....>

AUSSIE TECHS
AUSSIE TECHS: 50-DMA Key For Direction
The 50-dma at 0.7197 continues to act as resistance following last week's
downside break. A close below keeps the bearish trend intact, targeting a move
toward the ytd low at 0.7021, ahead of the key 0.70 psychological level. Above,
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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