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Downtrend Intact Another false break of......>

AUSSIE
AUSSIE: Downtrend Intact
Another false break of the 0.70 level has seen the rate extend its corrective
pullback toward 0.6960. Bears downside focus remains on a break of the 21-dma &
Jun 3 low at 0.6932/27. Below here opens a return to the range lows at 0.6865,
ahead of the 0.6825/40 area which registered a series of previous lows through
Jan 2016. Bulls need to consolidate above 0.70, before targeting the double top
area at 0.7020/25. The 50% retracement of the Apr-May fall is placed behind at
0.7029, ahead of the Apr 30 high & 100-dma at 0.7069/70.

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