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Bearish Below 100-DMA Despite..........>

AUSSIE TECHS
AUSSIE TECHS: Bearish Below 100-DMA
Despite improved risk appetite overnight, AUD failed to rally with added weight
via the AUDNZD cross after the strong NZ CPI release. Downside focus remains on
the Jan 7 low at 0.7110, below here opens a run at broken trendline
resistance-turned support at 0.6972. Bulls need to recover the 100-dma & 0.72
level to change the short-term outlook, putting focus back on the Jan 11 high &
76.4% retracement level at 0.7235/40.

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