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RBA Pause Spikes Above 0.70 AUDUSD.....>

AUSSIE TECHS
AUSSIE TECHS: RBA Pause Spikes Above 0.70
AUDUSD spiked above 0.70 after the RBA left its cash rate unchanged. The rate
touched extended react highs of 0.7048, before paring light gains. Topside focus
remains on the $0.7050/60 zone which has registered a series of previous highs.
Above here opens the Apr 30 high at 0.7069, ahead of the 55-dma & 0.71 level.
While a break above the 200-dma at 0.7166 is needed to suggest a bullish
reversal. On the downside a close below the 0.70 mark today would strengthen the
downtrend. Below here opens 0.6953 which marks the 61.8% fibo of the Jan rise.

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