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Showing Signs Of Life AUDUSD smashed...>

AUSSIE TECHS
AUSSIE TECHS: Showing Signs Of Life
AUDUSD smashed above its 21-dma yesterday following positive comments by Chinese
Premier Li, which also saw the pair overcome the 0.7250 level. The broader trend
remains bearish but bulls at least have an opportunity to build on recent upside
momentum. Bulls target the 0.7310/15 area which holds the 76.4% retracement
level & long-term downtrend resistance off the Jan 26 2018 high. Failure to hold
above 0.72 would bring the Sep 11 YTD low at 0.7085 back into play. Below there,
the 0.7000 psychological level is reported to hold option-related support.

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