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Struggling For Traction Despite........>

AUSSIE TECHS
AUSSIE TECHS: Struggling For Traction
Despite renewed risk in the market, AUDUSD has struggled to overcome the 0.71
level. This keeps the downtrend intact with near-term focus on a break of the
Mar 27 & Mar 20 lows at 0.7069/57. Below here opens the 50% retracement level at
0.7018, ahead of the key psychological 0.70 level. Bulls need a weekly close
above 0.71 to shift the focus back to the 100-dma and March 21 high at
0.7152/0.7168.

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