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Clinging to 50- and 100-dmas AUDUSD....>

AUSSIE TECHS
AUSSIE TECHS: Clinging to 50- and 100-dmas
AUDUSD failed to consolidate gains above 0.72 and at the time of writing is
clinging to the 50 and 100-dmas. This returns the outlook to neutral. For a
convincing break higher, we need to close above the 0.72 level, above which
would bring the Jan 11 high & 76.4% retracement level at 0.7235/40 into play
ahead of the 200dma which currently sits at 0.7299. Bears need a move back under
0.71, returning the focus to the 38.2% retracement level at 0.7046.

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