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RBA Outlook Weighs On AUD The RBA's....>

AUSSIE TECHS
AUSSIE TECHS: RBA Outlook Weighs On AUD
The RBA's more balanced outlook to its cash rate pressured the AUD complex
overnight. AUDUSD breached the 100-dma (0.7173), extending ite corrective
pullback towards 0.7120. The short-term outlook remains neutral with downside
focus on the Jan 25 low at 0.7076, a move below here opens the 38.2% retracement
level at 0.7046. Bulls need a close above the 100-dma & 0.72 to put focus back
on the 200-dma at 0.7287, a key level that hasn't closed above since March.

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