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Struggling For Traction Failure to.....>

AUSSIE TECHS
AUSSIE TECHS: Struggling For Traction
Failure to hold above 0.73 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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