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False Break of 0.70? The further.......>

AUSSIE TECHS
AUSSIE TECHS: False Break of 0.70?
The further recovery in AUD/USD Friday supports the theory that Thursday's moves
were a false break of 0.70, but a close north of the 0.7108 50-dma would cement.
Bulls look to take out the Wednesday high first and foremost at 0.7103, which
would stabilise the outlook and bring the 100-dma back into view at 0.7123.
Bears look to clear 0.70 to extend the major downtrend and bring the 61.8%
retracement of the Jan recovery into play at 0.6953.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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