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Can't Catch A Break Early Friday.......>

AUSSIE TECHS: Can't Catch A Break
Early Friday price action saw the best levels of the week up at 0.7140, but
momentum faded throughout European and US trade to retreat back towards 0.71.
Nonetheless, bulls will take confidence from a close north of the handle. Bulls
need to recover through the Friday high to target the key 0.7200 area and break
the longer term downtrend. On the downside, a break below 0.7044 would target
the key 0.70 level. A break below would likely accelerate the broader downside
move, opening channel base support & Jan 26 2016 low at 0.6920/19.

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