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Consolidates Post Jobs Gains The AUD...>

AUSSIE TECHS
AUSSIE TECHS: Consolidates Post Jobs Gains
The AUD complex received a boost overnight after the strong AU labour market
release, which saw the unemployment rate fall to an 8-year low of 4.9%. AUDUSD
briefly extended through the 100-dma to 0.7168, before fading. Consolidation
above is needed to extend the uptrend toward the Feb 25 high at 0.7184 & 0.72
level. A break would see bulls target down trendline resistance off the Dec 4
high & 200-dma at 0.7217. Bears need to clear the 55-dma at 0.7133 to open the
potential of a reversal towards the key 0.70 psychological support level.

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