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Bulls Defending 0.7200 AUDUSD has......>

AUSSIE TECHS: Bulls Defending 0.7200
AUDUSD has rallied back above 0.7200 as bulls desperately look to prevent an
acceleration in the pair's decline. A break back above 0.7305/10 is needed
however to change the short-term outlook and target the August highs of 0.7453.
The downtrend remains intact with immediate focus on the May 24 2016 low at
0.7145. Below here would likely accelerate the move toward the 1.618% swing
target at 0.7092, ahead of the key 0.7000 psychological level. 

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