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Another Day Another Multi-year Low.....>

AUSSIE TECHS
AUSSIE TECHS: Another Day Another Multi-year Low
0.7017 was printed yesterday, marking another cycle low for the pair and
continuing to highlights its sensitivity to global equity markets. The
psychological 0.70 level is increasing in importance heading into the new year.
Bears eye a close below here to extend losses through the handle ahead of the
2016 low at 0.6827. To arrest the decline, a rally through the 50-dma opens the
100-dma at 0.7196, ahead of the 61.8% retracement level of the December
downtrend at 0.7302.

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