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23.6% Retracement Being Tested.........>

AUSSIE TECHS
AUSSIE TECHS: 23.6% Retracement Being Tested
AUDUSD broke below the 23.6% retracement from September's highs at 0.7106
yesterday. Bulls need to break above 0.7150 to target 0.7200 before challenging
the 2018 channel top at 0.7204. Bears need to close below 0.7100 to open the
0.7041 level ahead of a return to 0.70. Below here would likely accelerate the
broader downside move, opening channel base support & Jan 26 2016 low at
0.6920/19.

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