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Not Benefitting From Risk Appetite.....>

AUSSIE TECHS
AUSSIE TECHS: Not Benefitting From Risk Appetite
AUDUSD remains below the 0.72 level despite recovering its 100-dma yesterday as
the pair has seen little in the way of a bid from improving global risk
appetite. 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. On the downside, bears target a
break of the Jan 7 low at 0.7110, ahead of a run at broken trendline
resistance-turned support at 0.6972. 

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