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Key Resistance 0.7300/05 50-dma &......>

AUSSIE TECHS
AUSSIE TECHS: Key Resistance 0.7300/05
50-dma & long-term trendline resistance off the Jan 26 high remain intact. A
close above 0.7304 is needed to shift the short-term outlook bullish targeting
the 100-dma at 0.7392. Failure to hold above 0.7250 today 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.

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