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Falters Ahead of 0.74 Bullish..........>

AUSSIE TECHS
AUSSIE TECHS: Falters Ahead of 0.74
Bullish exhaustion ahead of the key 0.74 level has seen AUDUSD ease to to the
0.7370/75 area. Bulls continue to target a break of 0.7400, a level which also
holds the congestion zone seen in Jun-Aug. Above here opens the 200-dma & 50%
retracement of 0.7813-0.7021 at 0.7416/17. On the downside, a close below 0.7300
would suggest a false bullish breakout, allowing bears to target the 0.7200
level and the 50-dma at 0.7185.

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