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AUD/USD struggled, during a risk off.........>

AUSSIE
AUSSIE: AUD/USD struggled, during a risk off session Wednesday, hitting a low of
$0.7057 in early Asia-Pacific trade, last $0.7063, as the rate remains locked in
a downtrend, with Tuesday's move up to ~$0.7100 faded from Wednesday's London
open.
- The YTD low ($0.7041) continues to provide key support, with any break opening
up $0.7000. Bulls need to recover the Oct 17 high ($0.7160) to improve the
outlook, before looking to the $0.7200 and the bear channel top.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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