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Downtrend Intact With up trendline.....>

AUSSIE TECHS
AUSSIE TECHS: Downtrend Intact
With up trendline support from the late Oct lows giving way yesterday, AUDUSD
closed lower for the fourth consecutive session on Thursday and at the time of
writing seemed set for a fifth down day on Friday. The 50-dma at 0.7185 appears
to be the last line of defense ahead of a return to the ytd lows. Bulls need to
clear the 0.7400 handle to change the outlook, opening the 200-dma & 50%
retracement of 0.7813-0.7021 at 0.7408/17.

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