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Recovery efforts have so far been capped.....>

AUSSIE
AUSSIE: Recovery efforts have so far been capped ahead of $0.6960 and keeps the
recent downtrend intact. A break of $0.6940 is likely to accelerate the move
toward reported demand at $0.6900. Below here opens $0.6872 which marks the
76.4% retracement of the year's range.
- AUDNZD holds at the base of its NZ$1.0546-78 range with downside focus on a
break of NZ$1.0540/45, ahead of the 100-dma at NZ$1.0502.
- EURAUD encountered resistance ahead of A$1.6200, but still remains at its
highest levels since early Jan.
- AUDJPY has formed a double-bottom at Y75.70/80, the 50% retracement of the Jan
- April rise is placed behind at Y75.68. 

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