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Looking To Test YTD Lows Rallies in....>

AUSSIE TECHS
AUSSIE TECHS: Looking To Test YTD Lows
Rallies in AUDUSD continue to be sold ahead of the 21-dma, 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 21-dma at 0.7110 and Oct 17
high at 0.7160 to improve the outlook and target 0.7200 and the bear channel
top.

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