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Base Formed Ahead of 0.69 AUDUSD.......>

AUSSIE TECHS
AUSSIE TECHS: Base Formed Ahead of 0.69
AUDUSD based ahead of the 0.69 level last week with the recovery extending to
0.6960 (May 14 high). A positive close above would cement the uptrend, opening a
run at the 0.70 level & May 13 high. Bears continue to look for a move back
under 0.6900 to return the focus to the range lows at 0.6865. A break here would
accelerate the move towards the 0.6825/40 area which registered a series of
previous lows through Jan 2016.

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