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Locked Either Side of 0.7050 AUDUSD....>

AUSSIE TECHS
AUSSIE TECHS: Locked Either Side of 0.7050
AUDUSD continued to trade either side of the 0.7050 level, looking for
direction. Topside focus remains on a break of the 0.71 level & 55-dma at
0.7105. A close above is needed to suggest a broader recovery, opening the key
200-dma at 0.7174, ahead of the April 17 high at 0.7206. Bears look for 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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