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Sharp Intraday Rebound AUDUSD has......>

AUSSIE TECHS
AUSSIE TECHS: Sharp Intraday Rebound
AUDUSD has rebounded sharply from the intraday lows of 0.7383. This reversals an
equally sharp pullback in earlier European trading, putting the focus back on
the 0.7440 highs of yesterday. A break above 0.7440 is needed to repair the
technical damage caused to the bullish picture over the past couple of days.
Further layers of resistance are placed at 0.7466/86 and a move above here would
confirm the bullish trend. Bears now look for a close below 0.7380/85 to re-test
major trendline support at 0.7324 for confirmation and challenge the YTD low at
0.7311.

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