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Based Ahead of 0.7050 AUDUSD based.....>

AUSSIE TECHS
AUSSIE TECHS: Based Ahead of 0.7050
AUDUSD based ahead of 0.7050 yesterday to keep the recent range intact. Bulls
need to break the double-top resistance area at 0.7105/10 before challenging the
Oct 17 high at 0.7160. A break here would change the short-term outlook
targeting the 0.7200 level and bear channel top. 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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