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RBA Neutral Bias Pressures AUD The.....>

AUSSIE TECHS
AUSSIE TECHS: RBA Neutral Bias Pressures AUD
The RBA's neutral bias to its cash rate pressured the AUD complex through Asia.
AUDUSD breached the 100-dma (0.7173), extending the corrective pullback towards
0.7120. Downside focus remains on the Jan 25 low at 0.7076, below here opens the
50% retracement level at 0.7018. Bulls need a close above the 100-dma & 0.72 to
change the outlook, putting focus back on the 200-dma at 0.7287, a key level
that hasn't closed above since March.

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