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Downtrend Intact AUD remains on the....>

AUSSIE TECHS
AUSSIE TECHS: Downtrend Intact
AUD remains on the defensive following dovish remarks from Governor Lowe that
said RBA members will consider the case for lower interest rates. Bears focus on
a break of the May 17 low at 0.6865, below here would likely accelerate the move
towards the 0.6825/40 area which registered a series of previous lows through
Jan 2016. Bulls need to recover the post election highs at 0.6938, before
challenging the May 14 high & 21-dma at 0.6960/83.

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