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Bearish Trend Despite renewed risk.....>

AUSSIE TECHS
AUSSIE TECHS: Bearish Trend
Despite renewed risk appetite AUDUSD failed to extend back above 0.7200,
suggesting the downtrend is set to resume. This brings the Sep 11 YTD low at
0.7085 into play ahead of the psychological 0.7000 level which is reported to
hold option-related support. Bulls need to reclaim the 0.72 level and close
above the 50-dma at 0.7276 to improve the short-term outlook.

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