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Struggling To Recover 0.70 AUDUSD......>

AUSSIE TECHS
AUSSIE TECHS: Struggling To Recover 0.70
AUDUSD sits just below the 0.70 level at the time of writing, keeping the focus
to the downside. Today's close is likely to be key though given the RBA's
closely watched rate meeting and a close above 0.70 would allow the focus to
return to 0.7069, the 0.71 level and the 55-dma. A break above the 200-dma at
0.7166 is needed to suggest a bullish reversal. On the downside a close below
the 0.70 mark today would strengthen the downtrend. Below here lies 0.6953
marking the 61.8% fibo of the Jan rise ahead of the 0.69 level.  

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