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Another Failed Break AUDUSD remains....>

AUSSIE TECHS
AUSSIE TECHS: Another Failed Break
AUDUSD remains locked in a downtrend and a move up to 0.7100 yesterday was faded
as London traders began their day. The Oct 8 low at 0.7041 continues to hold but
is coming under pressure, and below here would see AUDUSD trading at its lowest
level since early 2016 as the 0.70 level comes into play. A break below 0.70
would likely accelerate the broader downside move, opening channel base support
& Jan 26 2016 low at 0.6920/19. Bulls need to recover the Oct 17 high at 0.7160
to improve the outlook and target 0.7200 and the bear channel top.

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