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Oscillating Around 0.70 AUDUSD.........>

AUSSIE TECHS: Oscillating Around 0.70
AUDUSD trades either side of the 0.70 level searching for direction. Bears focus
remains on a break of the May 6 low at 0.6963, below here opens the 61.8% fibo
of the Jan rise at 0.6953, ahead of the 2% lower Bollinger band at 0.6920. Bulls
need to clear the 0.7050/60 zone which has registered a series of previous
highs. A successful close above would extend the uptrend towards the Apr 30 high
at 0.7069, ahead of the 0.71 level.

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