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AUSSIE TECHS: AUDUSD continues to grind higher. The current recovery that
started on Oct 2 maintains a bullish price sequence of higher highs and higher
lows keeping the focus on continued upside for now. More importantly however is
the potential double bottom reversal pattern that appears to be developing. If
this pattern observation is correct, we are potentially in the final stages and
close to a confirmation. A break of the Sep 12 high of 0.6895 would confirm the
pattern, confirm a more significant reversal and key shift in sentiment. Support
for now lies at 0.6809, Oct 25 low.