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Bouncing Off The Lows AUDUSD took......>

AUSSIE TECHS
AUSSIE TECHS: Bouncing Off The Lows
AUDUSD took out Friday's low early in European trading, allowing a break below
the recent sideways trading range, which now brings the Oct 8 low at 0.7041 into
play. Below here challenges the key 0.70 level and a break would likely
accelerate the broader downside move, opening channel base support & Jan 26 2016
low at 0.6920/19. We have since moved away from the lows but 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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