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Shallow Recovery AUD managed to hold...>

AUSSIE TECHS
AUSSIE TECHS: Shallow Recovery
AUD managed to hold above Friday's low yesterday but the bounce has lacked any
real momentum, keeping the bearish trend intact. A break below 0.6865 would
likely accelerate the move towards the 0.6825/40 area which registered a series
of previous lows through Jan 2016. Bulls need to recover the post election highs
at 0.6938, before challenging the May 14 high & 21-dma at 0.6960/73.

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