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Back to the 55-dma Last week's.........>

AUSSIE TECHS
AUSSIE TECHS: Back to the 55-dma
Last week's rejection of the 0.72 level has seen AUDUSD retrace back through the
100-dma before finding support around the 55-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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