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Trendline Support Holds The............>

AUSSIE TECHS
AUSSIE TECHS: Trendline Support Holds
The corrective pullback off yesterday's Asia high extended through 0.6950 to
rest on short-term trendline support off the May 23 low. A downside break
returns the focus to the 21-dma & Jun 3 low at 0.6932/27. Below here opens a
return to the range lows at 0.6865, ahead of the 0.6825/40 area which registered
a series of previous lows through Jan 2016. Bulls need to recover the 0.70 level
on a closing basis, before targeting the double top area at 0.7020/25. The 50%
retracement of the Apr-May fall is placed behind at 0.7029, ahead of the 100-dma
& Apr 30 high at 0.7068/69.

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