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AUSSIE TECHS: False Break Above 0.71
AUDUSD breached the 0.7100 level but has so far struggled to consolidate gains,
returning focus to the downside. Bears target the Oct 26 low at 0.7021, ahead of
the psychological 0.70 level. A break here 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 short-term
outlook, targeting the 0.7200 level and bear channel top.