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AUSSIE TECHS: Gaining Traction
AUDUSD based ahead of the 0.7200 level to keep the recovery intact. Bulls target
a break of 0.7259 before focusing on the 100-dma & 23.6% of the 2018 range at
0.7267/84 to extend gains. Above here lies the 0.7400 congestion zone. Bears
need to break back below the 50-dma at 0.7160 to test broken down trendline
resistance-turned-support from the Feb highs, which comes in at 0.7150. Below
here re-opens the Oct 26 low at 0.7021.