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Shallow Bounce Despite reclaiming......>

AUSSIE TECHS
AUSSIE TECHS: Shallow Bounce
Despite reclaiming the 0.71 handle amid a backdrop of improved risk appetite,
AUDUSD failed to build on gains with the subsequent reversal extending to fresh
cycle lows. Bears focus on a close below 0.71 and the 1.618% swing target at
0.7092, before challenging the key 0.7000 psychological level. Bulls need a
break back above 0.7305/10 to change the short-term outlook and target the
August highs of 0.7453.

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