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Soft Domestic Data Pressures Failure...>

AUSSIE TECHS
AUSSIE TECHS: Soft Domestic Data Pressures
Failure to hold above 0.73 with added weight from soft domestic data has shifted
the outlook bearish once again as AUD bulls struggle to mount a sustainable
rally. The focus now returns to the YTD low at 0.7203, which needs to hold to
prevent a potential downside acceleration. A close above 0.7374 is needed to
change the picture significantly allowing the pair to rally in line with global
trends to target the August highs of 0.7453 and 100-dma at 0.7466.

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