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Oil Led Gains Underpin Commodity FX....>

AUSSIE TECHS
AUSSIE TECHS: Oil Led Gains Underpin Commodity FX
AUDUSD touched post AU jobs data lows of 0.6893, before staging a recovery back
through 0.69. The rally extended to 0.6930/35 with oil led gains underpinning
commodity tied FX. Bulls need a close above the 0.69 level to return the focus
to the 100-hma & May 14 high at 0.6952/60. Bears look for a return to the Asia
lows, before challenging the 76.4% retracement of the year's range at 0.6872.
Below here opens a move toward the 0.6825/40 area which registered a series of
lows through Jan 2016.

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