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Gains Above 0.72 Fail To Hold Strong...>

AUSSIE TECHS
AUSSIE TECHS: Gains Above 0.72 Fail To Hold
Strong unemployment figures saw AUDUSD pierce the 0.72 level in early trading
but the pair has since dropped back into yesterday's range. A close above the
100-dma at 0.7162 would allow bulls to target a retest of the 0.72 level, above
which puts the focus back on down trendline resistance & 200-dma. Bears need a
break of the Feb 12 low at 0.7054 to regain the upper hand and bring the 0.70
level back into view.

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