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Bulls Look to Form A Base AUDUSD.......>

AUSSIE TECHS
AUSSIE TECHS: Bulls Look to Form A Base
AUDUSD managed to close above the 0.69 level on Friday and remains above it in
Asia Pac trading despite some early weakness. Bulls now look for a close above
the post election highs at 0.6938 to suggest a recovery towards the 21-dma and
May 14 high at 0.6958/60. Bears focus remains on the range lows at 0.6865, with
a break here needed to accelerate the move towards the 0.6825/40 area which
registered a series of previous lows through Jan 2016.

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