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Consolidation Phase Despite closing....>

AUSSIE TECHS
AUSSIE TECHS: Consolidation Phase
Despite closing above the 100-dma yesterday, AUDUSD failed to take out the Jan
21 high at 0.7207 allowing bears to regain the upper hand. Downside focus
remains on the Feb 21 & Feb 12 lows at 0.7070/54, a break here returns the focus
to the 50% retracement level at 0.7018. On the topside bulls need to take out
the Jan 21 high to open the key 200-dma at 0.7259.

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