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May 6 Low in View AUDUSD comfortably...>

AUSSIE TECHS: May 6 Low in View
AUDUSD comfortably holds below 0.70 with the risk-averse theme pressuring to
extended lows of 0.6965. The outlook remains bearish with downside focus on a
break of the May 6 low at 0.6963. Below here opens the 61.8% fibo of the Jan
rise at 0.6953, ahead of the 2% lower Bollinger band at 0.6922. Bulls need to
clear the 0.7050/60 zone which has registered a series of previous highs. Above
here would extend the uptrend towards the Apr 30 high at 0.7069, ahead of the
0.71 level.

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