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YTD Lows Back In Focus The AUD.........>

AUSSIE TECHS
AUSSIE TECHS: YTD Lows Back In Focus
The AUD complex underperformed overnight after the soft domestic Q4 GDP release
& RBA watchers revising their calls for policy this year. The heavy tone spilled
over into Europe with AUDUSD touching two-month lows of 0.7024. This brings the
50% retracement at 0.7018 and psychological 0.70 level back into view. Below
here would extend the downtrend towards the Jan 3 ytd lows. Bulls need to
recover the 100-dma at 0.7162 to stabilise the outlook, before challenging the
Feb 21 high at 0.7207.

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