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YTD Low in View AUDUSD touched lows....>

AUSSIE TECHS
AUSSIE TECHS: YTD Low in View
AUDUSD touched lows of 0.6865 yesterday, before rallying toward the 0.6900 level
into the close. Westpac revised their RBA call to three more 25bp cuts, this
added fresh weight and keeps the broader downtrend intact. Focus remains on the
range lows, with a break here needed to accelerate the move towards the
0.6825/40 area which registered a series of previous lows through Jan 2016.
Further support is located on approach to 0.68, ahead of the Jan 3 flash crash
low at 0.6741. Bulls need to recover the post election highs at 0.6938, before
challenging the May 14 high & 21-dma at 0.6960/62.

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