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0.7120 Resistance AUDUSD remains in....>

AUSSIE TECHS
AUSSIE TECHS: 0.7120 Resistance
AUDUSD remains in the grips of a solid downtrend with today's spike to 0.7120
doing little to alter the bigger picture. This level now becomes resistance,
with bulls looking to break above here to challenge the Oct 17 high at 0.7160,
above which the 0.7200 level and the bear channel top would come into play. On
the downside, Friday's low at 0.7021 lies just ahead of the psychological 0.70
level. A break below this area would likely accelerate the broader downside
move, opening channel base support & Jan 26 2016 low at 0.6920/19.

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