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Looking Toppy After losing its grip....>

AUSSIE TECHS
AUSSIE TECHS: Looking Toppy
After losing its grip on the 0.7200 level AUDUSD has extended its losses to
close below its 100-dma, suggesting a resumption of the downtrend. This puts
immediate focus back on the Jan 7 low at 0.7110, ahead of a run at broken
trendline resistance-turned support at 0.6972. A strong close above 0.72 is
needed to shift the focus back on the Jan 11 high & 76.4% retracement level at
0.7235/40.

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