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Bulls Closing in on 200-DMA Strong.....>

AUSSIE TECHS
AUSSIE TECHS: Bulls Closing in on 200-DMA
Strong Chinese data boosted sentiment overnight, AUDUSD cleared the 200-dma
(0.7191) to 0.7206 before fading. The 200-dma remains key today which has not
closed above since March 2018. Above here would shift the outlook bullish
opening a move toward 0.7226/46 which represents the 76.4% retracement of
0.7295-0.7003 & Feb 6 high. Bears need a break back under the 100-dma to shift
the focus towards the 0.71 handle. Below here opens the 38.2% retracement & Mar
29 low at 0.7083/73.

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