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Pullback Remains Corrective The........>

AUSSIE TECHS
AUSSIE TECHS: Pullback Remains Corrective
The pullback from Friday's rebound high at 0.7412 has remained corrective,
keeping the prospect of a resumption of the uptrend intact. The pullback has
remained confined to support in the 38.2%/50% retracement area, also consistent
with a correction. A sustained move 0.7412 would restore the bullish picture,
shifting the focus to the upper end of the recent trading range, where the next
layers of resistance are formed at 0.7466/86. Holding above 0.7370 is now
required to maintained the renewed positive momentum, while failure risks a slip
back to the lower end of the range and major trendline support at 0.7324.

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