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Watch For Expiries With up trendline...>

AUSSIE TECHS
AUSSIE TECHS: Watch For Expiries
With up trendline support from the late Oct lows giving way yesterday, AUDUSD
closed lower for the fourth consecutive session. The 50-dma at 0.7185 appears to
be the last line of defense ahead of a return to the ytd lows. There are some
very large option-expiries rolling off today between 0.7250-0.7300, totalling
7.75 yards which could come into play. Bulls need to clear the 0.7400 handle to
change the outlook, opening the 200-dma & 50% retracement of 0.7813-0.7021 at
0.7408/17.

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