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Towards the Lower End of Recent........>

AUSSIE TECHS
AUSSIE TECHS: Towards the Lower End of Recent Range
AUDUSD continues to remain towards the bottom end of its post-Jan 7 range after
again failing to remain above 0.7100. At the time of writing, Friday's low at
0.7070 continued to hold but a break below here would initially extend the
downtrend toward the Feb 12 low at 0.7054, ahead of the 50% retracement level at
0.7018. Bulls need to recover the 100-dma at 0.7163, before challenging the Feb
21 high at 0.7207.

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