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AUDUSD: Resistance Becomes Support.....>

AUSSIE TECHS
AUSSIE TECHS: AUDUSD: Resistance Becomes Support
The 50-dma at 0.7163 has moved from resistance to support following last week's
gains, with bulls looking to extend gains to the 100-dma & 23.6% of the 2018
range at 0.7272/84. Above here lies the 0.7400 congestion zone. Bears need to
break back below the 50-dma to test broken down trendline
resistance-turned-support from the Feb highs, which comes in at 0.7150. Below
here re-opens the Oct 26 low at 0.7021.

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