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Off Multi-year lows AUDUSD extended....>

AUSSIE TECHS
AUSSIE TECHS: Off Multi-year lows
AUDUSD extended the recovery off Friday's multi-year lows and will need to close
above down trendline resistance at 0.7063 to build on recent momentum. A rally
through the 50-dma opens the 100-dma at 0.7196, ahead of the 61.8% retracement
level of the December downtrend at 0.7302. The psychological 0.70 level is
increasing in importance heading into the new year. Bears eye a close below here
to extend losses through the handle ahead of the 2016 low at 0.6827.

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