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Resting on Trendline Support The.......>

AUSSIE TECHS
AUSSIE TECHS: Resting on Trendline Support
The corrective pullback off Monday's Asia high extended through 0.6950 to rest
on short-term trendline support off the May 23 low. A close under 0.6946 brings
the 21-dma & Jun 3 low back into view at 0.6933/27. Below here opens a return to
the range lows at 0.6865, ahead of the 0.6825/40 area which registered a series
of previous lows through Jan 2016. Bulls need to recover the 0.70 level on a
closing basis, before targeting the double top area at 0.7020/25. The 50%
retracement of the Apr-May fall is placed behind at 0.7029, ahead of the 100-dma
& Apr 30 high at 0.7066/69.

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