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Bulls Clutching At Straws While EUR,...>

AUSSIE TECHS
AUSSIE TECHS: Bulls Clutching At Straws
While EUR, GBP and others benefited from a modest recovery in risk appetite in
early Europe, AUD didn't, and the failure to build on improved sentiment has
seen the pair touch 20-month lows with little difficulty. Today's extended move
lower opens the path for a run at the December 2016 lows of $0.7160. To
stabilise the outlook, gains above 0.7380 would be needed - and quickly.

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