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Recovery Extends Through 0.7050 The....>

AUSSIE TECHS
AUSSIE TECHS: Recovery Extends Through 0.7050
The recovery off Thursday's low extended to 0.7061, before meeting resistance
from the Apr 26 high. Consolidation above 0.7050 suggests a potential false
bearish break with topside focus on the 0.71 level & 100-dma at 0.7121. Bears
need a break back under 0.70 to extend the major downtrend and bring the 61.8%
retracement level of the Jan recovery into play at 0.6953.

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