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Can't Catch A Break Despite looking....>

AUSSIE TECHS
AUSSIE TECHS: Can't Catch A Break
Despite looking to close higher Thursday, AUDUSD has traded within 10 pips of
the YTD lows at 0.7043 for five consecutive sessions, suggesting strong support
lies ahead of the increasingly important level. The bounce has been unconvincing
and will need to break 0.7130 to garner any strength. A break below yesterday's
low of 0.7044 would target the key 0.70 level, which is reported to hold
option-related support. A break below would likely accelerate the broader
downside move, opening channel base support & Jan 26 2016 low at 0.6920/19.

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