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Shallow Recovery Soft domestic Q4......>

AUSSIE TECHS
AUSSIE TECHS: Shallow Recovery
Soft domestic Q4 GDP pressured AUDUSD to extended react lows of 0.7024. Recovery
efforts have so far remained shallow with downside focus on the 50% retracement
at 0.7018, a break brings the psychological 0.70 level back into view. Bulls
need to recover the 100-dma at 0.7162 to stabilise the outlook, before
challenging the Feb 21 high at 0.7207.

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