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The Pulling Power of 0.71 0.71 remains a.....>

AUSSIE
AUSSIE: The Pulling Power of 0.71
0.71 remains a point of gravity for AUDUSD. Bulls were unable to recover the
50-dma yesterday with the rally stalling just ahead of the 76.4% retracement of
0.8136-0.6828. A close to the week below here would shift the focus to the 0.70
level below which resumes the longer term downtrend. Bulls need to recover the
50-dma at 0.7137 to improve the outlook and open the key 200-dma at 0.7272.

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