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Cycle Lows In Sight AUDUSD continues...>

AUSSIE TECHS
AUSSIE TECHS: Cycle Lows In Sight
AUDUSD continues to edge lower with gains capped by the 21-dma in recent days
keeping the focus on the Oct 8 low at 0.7041. Below here would see AUDUSD
trading at its lowest level since early 2016 as the 0.70 level comes into play.
A break below 0.70 would likely accelerate the broader downside move, opening
channel base support & Jan 26 2016 low at 0.6920/19. 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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