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Shallow Recovery AUDUSD dipped back....>

AUSSIE TECHS
AUSSIE TECHS: Shallow Recovery
AUDUSD dipped back under 0.71 and holds toward the lower end of its recent range
with bears looking for a break below the Feb 21 & Feb 12 lows at 0.7070/54 to
extend the downtrend. Below here opens the 50% retracement level at 0.7018 and
the psychological 0.7000 level. Bulls need to take out the Feb 21 high at 0.7207
to reignite upside momentum, opening a move toward the 200-dma at 0.7252.

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