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Bears In Charge Amid Trade Fears.......>

AUSSIE TECHS
AUSSIE TECHS: Bears In Charge Amid Trade Fears
AUDUSD extended its downtrend yesterday amid the renewed US-China trade concerns
touching as low as 0.6940 and a return of risk on appetite today has provided
little support. Next support comes in at the 0.69 handle and 0.6872, marking the
76.4% retracement of the year's range. Bulls need to recover the 0.7050/60 zone
which has registered a series of previous highs. A successful close above would
extend the uptrend towards the Apr 30 high at 0.7069, ahead of the 0.71 level.

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