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Downtrend Gives Way AUDUSD is..........>

AUSSIE TECHS
AUSSIE TECHS: Downtrend Gives Way
AUDUSD is looking bullish following yesterday's rally above the 50-dma, the bear
channel top, and the 0.7200 level, which opens the double-top resistance area at
0.7238/43. A break above here targets the 100-dma at 0.7271. Bears need to see a
close back below the 50-dma at 0.7180 to shift the outlook back to neutral,
while a break of the Oct 26 low at 0.7021 is needed to regain control.

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