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Momentum Building Having based ahead...>

AUSSIE TECHS
AUSSIE TECHS: Momentum Building
Having based ahead of 0.7050 yesterday, improved risk appetite breached the 0.71
level triggering renewed demand from momentum-type accounts to 0.7119. Bulls
focus on the Oct 17 high at 0.7160, a break changes the short-term outlook
targeting the 0.7200 level and bear channel top. On the downside, Friday's low
at 0.7021 lies just ahead of the psychological 0.70 level. A break below this
area would likely accelerate the broader downside move, opening channel base
support & Jan 26 2016 low at 0.6920/19.

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