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Challenging Downtrend Resistance.......>

AUSSIE TECHS
AUSSIE TECHS: Challenging Downtrend Resistance
AUDUSD challenged but failed to break 50-dma and long-term trendline resistance
off the Jan 26 high. A close above changes the short-term outlook targeting the
200-dma at 0.7397. Failure to hold above 0.7250 and a subsequent reversal
through 0.7200 would bring the Sep 11 YTD low at 0.7085 back into play. Below
there, the 0.7000 psychological level is reported to hold option-related
support.

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