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Holding Above 0.7000 The pair hit as...>

AUSSIE TECHS
AUSSIE TECHS: Holding Above 0.7000
The pair hit as low as 0.7007 in react to relatively hawkish Fed comments but
managed to steer clear of the key 0.70 level. Bulls need a close above Tuesday's
high at 0.7069 to open 0.71 & the 55-dma at 0.7103. A close above is needed to
suggest a broader recovery, opening the key 200-dma at 0.7172, ahead of the
April 17 high at 0.7206. Emboldened bears following the upbeat Fed look to
cement a close below 0.7000, with a break of the April 25 low at 0.6988 shifting
the focus back to the Jan lows.

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