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Retest Of The Oct Lows Looks Likely....>

AUSSIE TECHS
AUSSIE TECHS: Retest Of The Oct Lows Looks Likely
AUDUSD took out Friday's low allowing a break below the recent sideways trading
range, which now brings the Oct 8 low at 0.7041 into play. Below here challenges
the key 0.70 level and a break 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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