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AUSSIE TECHS: Keeping Pressure On Downtrend Resistance
AUDUSD remains capped by its 50-dma which held firm on Friday as did the
long-term trendline resistance off the Jan 26 high. A close above 0.7304 is
needed to shift the short-term outlook bullish targeting the 100-dma at 0.7394.
Failure to hold above 0.7250 and a subsequent reversal through 0.7200 would
bring the Sep 11 YTD low at 0.7085 back into play. Below there, the 0.7000
psychological level is reported to hold option-related support.