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Bearish Trend Despite staging a mini...>

AUSSIE TECHS
AUSSIE TECHS: Bearish Trend
Despite staging a mini recovery, AUD has so far failed to clear 0.71 and keeps
the recent downtrend intact. AUDUSD continues to generate bearish momentum on
the technical indicators, putting immediate focus on the 50% retracement level
at 0.7018 ahead of the key psychological 0.70 level. Bulls need a positive close
above 0.71 in order to mount a recovery of the 100-dma at 0.7165. A break of
0.72 changes the outlook, putting focus back on the 200-dma at 0.7278, a key
level that hasn't been closed above since March.

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