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Struggling to Build Above 0.70.........>

AUSSIE TECHS
AUSSIE TECHS: Struggling to Build Above 0.70
AUDUSD briefly cleared the 0.70 level, before meeting fresh selling pressure off
the high. The short-term outlook remains neutral with topside focus on the May
10 high & 50% fibo of the Apr-May fall at 0.7019/29. Above here opens a run at
the Apr 30 high & 100-dma at 0.7069/76. Bears need a break back under the 21-dma
& Jun 3 low at 0.6935/27 to return the focus to the downside. Below here would
open the range lows at 0.6865 ahead of the 0.6825/40 area which registered a
series of previous lows through Jan 2016.

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