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Can't Catch A Break Politics...........>

AUSSIE TECHS
AUSSIE TECHS: Can't Catch A Break
Politics overruled technicals this week, with AUD finding little support
throughout the Thursday session. Failure to reclaim 0.7380 switches the picture
negative, with near-term focus on alternating support/resistance at 0.7250/55. A
break below here opens a move toward the YTD low at 0.7203. For the bulls, a
break back above the week's highs is required to challenge down trendline
resistance from the Jan high at 0.7410 as well as channel top resistance at
0.7453.

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