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Struggling To Break Higher Failure.....>

AUSSIE TECHS
AUSSIE TECHS: Struggling To Break Higher
Failure to close above 0.7350 yesterday has taken some wind out of the sails of
the rally. A close above 0.7382 would be required to shift the outlook bullish
from neutral currently. Trendline resistance from the Jan high at 0.7410 may
also slow progress as well as channel top resistance at 0.7453. A close below
yesterday's low at 0.7307 would allow bears to focus on the YTD low at 0.7203,
which needs to hold to prevent a potential downside acceleration.

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