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Stronger Dollar Pares Gains The........>

AUSSIE TECHS: Stronger Dollar Pares Gains
The stronger dollar theme pared European morning gains with a reversal back
towards 0.6905/10. Bears look for a move back under 0.6893 to extend the
downtrend toward 0.6872 which marks the 76.4% retracement of the year's range.
Below here opens the 0.6825/40 area which registered a previous series of lows
through Jan 2016. Bulls need a close above the 0.69 level to return the focus to
the 100-hma & May 14 high at 0.6952/60.

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