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Back Below 100-DMA Last week's........>

AUSSIE TECHS
AUSSIE TECHS: Back Below 100-DMA 
Last week's rejection of the 0.72 level has seen AUDUSD retrace back through the
100-dma as bears look to reignite downside momentum. The next downside target is
the55-dma at 0.7111 ahead of the 0.71 handle. Below here opens the 38.2%
retracement & Mar 29 low at 0.7083/73. To regain the upper hand bulls need to
recover the 200-dma at 0.7185 to open a move towards 0.7226/46 which represents
the 76.4% retracement of 0.7295-0.7003 & Feb 6 high.

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