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Minor Pullback The broader risk-on.....>

AUSSIE TECHS
AUSSIE TECHS: Minor Pullback
The broader risk-on theme spilled over through Europe before topping out at
5-week highs of 0.7259. Despite a minor retracement, bulls look for a close
above 0.7200 to build on recent momentum and target the 100-dma & 23.6% of the
2018 range at 0.7272/84. Bears need to see a close below the 50-dma at 0.7166 to
shift the outlook back to neutral, while a break of the Oct 26 low at 0.7021 is
needed to regain control.

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