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Focus Back On YTD Low The..............>

AUSSIE TECHS
AUSSIE TECHS: Focus Back On YTD Low
The combination of domestic political uncertainty and global dollar strength
caused heavy losses for AUDUSD yesterday following the failure to reclaim
0.7380. Bears now focus on the YTD low at 0.7203, which needs to hold to prevent
a potential downside acceleration. For the bulls, a break back above the week's
highs is required to challenge down trendline resistance from the Jan high at
0.7410 as well as channel top resistance at 0.7453.

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