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Gains Above 0.7200 Fail To Stick ......>

AUSSIE TECHS: Gains Above 0.7200 Fail To Stick 
Failure to cling to gains above 0.72 has seen AUDUSD move back below its 50 and
100-dmas, returning the cross to a neutral outlook. For a convincing break
higher, we need to close above the 0.72 level, above which would bring the Jan
11 high & 76.4% retracement level at 0.7235/40 into play ahead of the 200dma
which currently sits at 0.7299. Bears need a move back under 0.71, returning the
focus to the 38.2% retracement level at 0.7046.

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