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Shallow Recovery AUDUSD printed........>

AUSSIE TECHS
AUSSIE TECHS: Shallow Recovery
AUDUSD printed fresh multi-year lows amid the backdrop of a stronger USD &
narrowing yield differentials. Recovery efforts have so far held shallow,
bringing the psychological 0.7000 level into play which is reported to hold
option-related support. A break is expected to accelerate the move, opening the
Jan 15 2016 low at 0.6827. Bulls need to reclaim the 0.72 level and close above
the 50-dma at 0.7268 to improve the short-term outlook.

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