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False Upside Break AUDUSD has given....>

AUSSIE TECHS
AUSSIE TECHS: False Upside Break
AUDUSD has given back most of last week's gains suggesting a false bullish break
which puts the focus back on the downside with the 50-dma acting as support. A
break below this level, currently at 0.7174 would  open the Nov 13 low of 0.7164
ahead of the Oct 26 low at 0.7021. To move the focus back to the topside, AUDUSD
needs to break the pivotal 0.7328 level convincingly, the 61.8% retracement from
0.6828-0.8136. Above here, the target would be the 0.7400 congestion zone ahead
of the 200-dma at 0.7442.

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