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Gradually Grinding Lower AUDUSD........>

AUSSIE TECHS
AUSSIE TECHS: Gradually Grinding Lower
AUDUSD continues to grind gradually lower, but the Oct 8 low at 0.7041 continues
to hold. Below here would see AUDUSD trading at its lowest level since early
2016 and open the door to challenge the key 0.70 level. 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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