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Range Trading Despite briefly..........>

AUSSIE TECHS: Range Trading
Despite briefly dipping back under 0.71, bears failed to take advantage with
AUDUSD recovering to the 0.7145/50 area. Bulls need to recover the key 0.7200
area to break the longer term downtrend, before targeting the 2018 channel top
at 0.7223. Bears need a downside break of 0.7044 before targeting the key 0.70
level. 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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