• +0.05% after closing -0.55%, as risk appetite soured on Fed rate hike fears

• Private sector and housing credit lead data - interesting, not market moving

• No scheduled RBA events, so the USD and risk appetite to lead in Asia

• Charts; momentum studies conflict, 5, 10 & 21 DMAs head lower

• 21 day Bollinger bands also track south, overall a negative setup

• Targets a test of 0.6616, 38.2% of the October/December rise

• Close above 0.6735 21 day moving average would end downside bias

• 0.6650 NY low and 0.6694 38.2% of Thur's fall initial support/resistance

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