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Tentative Recovery AUDUSD extended.....>

AUSSIE TECHS
AUSSIE TECHS: Tentative Recovery
AUDUSD extended its recovery off yesterday's ytd lows of 0.7203 amid the broader
risk tone. AUD crosses supported the move above 0.7250 giving further positive
signals. Bulls need to clear the 0.7328 level to mount a bullish reversal and
challenge the Aug 10 high at 0.7380. Failure to hold above 0.7250 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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