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Shallow Recovery AUDUSD based ahead....>

AUSSIE TECHS
AUSSIE TECHS: Shallow Recovery
AUDUSD based ahead of 0.7000 with the recovery briefly extending through 0.7050.
Despite this, the longer-term downtrend remains intact with a break of the
psychological 0.70 level needed to bring the Jan 4 low & 61.8% retracement level
back into view at 0.6994/53. Bulls need to hold 0.7050 to stabilise the outlook,
above here opens cloud top resistance & 21-dma at 0.7102/04.

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