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Brief break of 0.69 A series of........>

AUSSIE TECHS
AUSSIE TECHS: Brief break of 0.69
A series of lower highs has played out in recent sessions, with an uptick in the
Australian unemployment rate providing the latest round of pressure, although
the breakdown of the report was more constructive. The print saw a breach of the
0.69 level, which proved to be brief. A clean break below would open the 76.4%
retracement of the year's range at 0.6872. Below here opens a move toward the
0.6825/40 area which registered a series of lows through Jan 2016. Bulls need to
recover the 0.70 level on a closing basis.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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