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Recovery Off The Lows Shows Promise....>

AUSSIE TECHS
AUSSIE TECHS: Recovery Off The Lows Shows Promise
AUDUSD is on the front foot today after recovering the 0.7000 level late last
week to suggest a potential false bearish break. Bulls look to take out
Wednesday's high at 0.7103 to improve the outlook and bring the 100-dma back
into view at 0.7121. Bears look for a close below 0.70 to extend the major
downtrend and bring the 61.8% retracement of the Jan recovery into play at
0.6953.

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