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AUSSIE TECHS: Hold Above 0.7200 Key
AUDUSD comfortably holds above channel top resistance amid the backdrop of
improving global risk appetite. However, bulls need a close above the 0.7200
level for confirmation and to keep the broader uptrend intact. A break of
$0.7305/10 confirms a bullish reversal, opening the 100-dma & August highs at
0.7411/53. Failure to hold 0.72 keeps the Sep 11 YTD low at 0.7085 in play,
ahead of the key 0.7000 psychological level which is reported to hold