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Flat on the Week After a risk-driven...>

AUSSIE TECHS
AUSSIE TECHS: Flat on the Week
After a risk-driven slip lower late Tuesday, AUD/USD recovered throughout the
Asia-Pac session and now sits almost exactly flat since Monday's open. The hold
above 0.7200 Tuesday will instill some confidence in the bulls, which keeps the
outlook neutral for now. For an upside breakout, markets need to see a close
back above 0.7328, the 61.8% retracement from 0.6828-0.8136. On the downside, a
close below 0.7200 would shift the outlook negative opening the 50-dma at 0.7178
and the Nov 13 low at 0.7164.

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