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Steered Clear of Multi-year Lows.......>

AUSSIE TECHS
AUSSIE TECHS: Steered Clear of Multi-year Lows
While the pair steered clear of falling to fresh multi-year lows Friday, it
remains uncomfortably close to the 0.7017 level printed yesterday. The
psychological 0.70 level is increasing in importance heading into the new year.
Bears eye a close below here to extend losses through the handle ahead of the
2016 low at 0.6827. To arrest the decline, a rally through the 50-dma opens the
100-dma at 0.7196, ahead of the 61.8% retracement level of the December
downtrend at 0.7302.

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