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Struggling to Gain Traction Despite....>

AUSSIE TECHS: Struggling to Gain Traction
Despite the weaker dollar, AUD recoveries have been limited by the 38.2%
retracement level and Aug 13 high around the 0.7291/00 area. Momentum indicators
on a daily and cloud basis are now turning lower once again. Focus is now likely
to return to the 0.7203 August 15 low. Failure to hold above here will allow
bears to target the air pocket between the 2018 lows and the first significant
support at the December 2016 lows of 0.7160.

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