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Soft China PMI Knocked Sentiment.......>

AUSSIE TECHS
AUSSIE TECHS: Soft China PMI Knocked Sentiment
Soft Chinese PMI's knocked sentiment through Asia with a brief move under
0.7050. Despite this pullbacks have so far remained shallow with topside focus
on a break of the 0.71 level & 55-dma at 0.7106. A close above is needed to
suggest a broader recovery, opening the key 200-dma at 0.7176 ahead of the April
17 high at 0.7206. Bears look for a close below the 0.7000 level, with a break
of the April 25 low at 0.6988 shifting the focus back to the Jan lows.

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