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Giving Back Some Gains AUDUSD gave.....>

AUSSIE TECHS
AUSSIE TECHS: Giving Back Some Gains
AUDUSD gave back the 0.73 level yesterday, moving back below the Nov 8 high and
suggesting the uptrend is struggling to gain traction. break above the Nov 8
high had increased short-term optimism but after looking likely to fail a break
above 0.7328, we have failed to confirm the bullish trend. Bulls continue to
target the 0.7400 congestion zone ahead of the 200-dma at 0.7446. On the
downside, a break below the broken multiyear uptrend support at 0.7225 would
shift the outlook bearish, while a move below 0.7161 would up the Oct 26 low at
0.7021.

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