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Rebound Remains Corrective The.........>

AUSSIE TECHS
AUSSIE TECHS: Rebound Remains Corrective
The structure of Friday's rebound has remained corrective suggesting that the
overall bearish trend remains in place. However, the near-term pivotal point at
0.7398 has been breached suggesting scope for some further intra-day gains
before downside pressure re-emerges. Bearish daily momentum indicators suggest
the focus can quickly return to the lower end of the recent trading range at the
0.7308 level. A move below here delivers a clear bearish signal.

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