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Bounce Falters At Wednesday's High.....>

AUSSIE TECHS: Bounce Falters At Wednesday's High
AUDUSD had a good day Thursday but was unable to break back above Wednesday's
high at 0.7129, which keeps the short-term neutral picture intact. Bulls need to
overcome this level to target the key 0.7200 area and attempt to break the
longer term downtrend. On the downside, a break below 0.7044 would target the
key 0.70 level, which is reported to hold option-related support. A break below
would likely accelerate the broader downside move, opening channel base support
& Jan 26 2016 low at 0.6920/19.

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