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AUD Stabilises AUDUSD has stabilised...>

AUSSIE TECHS
AUSSIE TECHS: AUD Stabilises
AUDUSD has stabilised following yesterday's domestic political uncertainty and
global dollar strength. The appointment of ex-treasurer Morrison as new AU PM
and seen as market friendly, pared recent losses to 0.7290. Bulls need a break
back above the week's highs to challenge down trendline resistance from the Jan
high at 0.7410 as well as channel top resistance at 0.7453. Bears continue to
focus on the YTD low at 0.7203, which needs to hold to prevent a potential
downside acceleration.

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