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Recovery Lacking Traction Despite......>

AUSSIE TECHS
AUSSIE TECHS: Recovery Lacking Traction
Despite comfortably holding the 50-dma, recovery efforts above 0.72 have so far
failed to gain traction suggesting the recent downtrend remains intact. Bears
need to clear 0.7187 to regain control, targeting cloud base support at 0.7161,
ahead of a return to the ytd lows at 0.7021. Bulls need a close above the
100-dma at 0.7230 to build on recent momentum, opening a run at the 0.74 level &
200-dma.

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