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AUSSIE TECHS: Close Above 100-DMA Reignites Uptrend
AUDUSD benefited from improved risk appetite to clear the 100-dma. A close above
0.7162 would reignite momentum with bulls targeting a break of the Feb 21 high
at 0.7207, ahead of the key 200-dma at 0.7261. Bears need to recover the Feb 12
low at 0.7054 to return the focus to the downside and bring the 50% retracement
level at 0.7018 back into view.