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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 0.7304 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