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Bears Focus on 0.72 Level Having.......>

AUSSIE TECHS
AUSSIE TECHS: Bears Focus on 0.72 Level
Having breached 50-dma and downtrend resistance last week, bears continue to
focus on 0.7200, a level which is holding firm for now. A break below here
brings the Sep 11 YTD low at 0.7085 back into play, ahead of the psychological
0.7000 level which is reported to hold option-related support. Bulls need a
close above the 50-dma at 0.7285 to improve the short-term outlook and extend
the recovery.

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