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Back Under 0.71 AUDUSD was pressured...>

AUSSIE TECHS
AUSSIE TECHS: Back Under 0.71
AUDUSD was pressured in tandem with the Kiwi on the back of the RBNZ decision,
and further extended the downtrend through 0.7075 at one point before
recovering. A move back below that level would put the focus on the March 20 low
at 0.7057, a break here opens the 50% retracement level at 0.7018, ahead of the
key psychological 0.70 level. Bulls need a close above 0.71 to shift the focus
back to the 100-dma and March 21 high at 0.7153/0.7168.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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