FX:AUDUSD   Dollar Australien/Dollar Américain
Aussie registered a high at 7393 into the open of the month before reversing sharply lower. Price is poised to post an outside weekly reversal off confluence resistance if we close at these levels (typically bearish) and leaves the October advance at risk while below this threshold. Interim support targets rests at 61.8% retracement at 7163 with a break below the yearly low-week close at 7087 needed to mark resumption of the broader downtrend targeting the 2016 low-week close at 6970. A topside breach of this formation would shift the focus back toward the 52-week / 200-week moving averages at ~7500/10.

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