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Gains Hard to Come by Above 0.71.......>

AUSSIE TECHS
AUSSIE TECHS: Gains Hard to Come by Above 0.71
After a close above the pivotal 0.71 level and the 21-dma  Monday, AUDUSD has
failed to build on gains, with the 50-dma continuing to frustrate bulls at
0.7133. 0.70 remains key psychological support level. A break below here would
resume the longer term downtrend towards the Jan 3 ytd low. To regain the upper
hand bulls need to recover Monday's high at 0.7120 which would open the 100-dma
& Feb 25 high at 0.7161/84. Above here would allow a run at the 0.7200 level and
the 200-dma at 0.7218.  

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