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AUSSIE TECHS: Gravitating Around 0.72
AUDUSD remains above its 50-dma & broken down trendline
resistance-turned-support from the Feb highs at 0.7160/50, which keeps the
recovery intact for now. However, a break below this area would return the focus
to the downside and the Oct 26 low at 0.7021. Bulls look to take out the 0.73
level which has so far proved hard to overcome and is growing in importance.
Above here challenges the Sep 26 high at 0.7315, ahead of the 0.7400 congestion