After trading sideways and ever tighter from the beginning of the week, Aussie broke below the bottom of the symmetrical triangle at the start of today's European session.

Next target is October 14th low (~0.72) and then 50 DMA (~0.7160) but the correction may extend all the way to 0.70 - 0.71. 100 DMA has so far held the topside, reinforced by the trendline drawn off September 5th 2014 and May 14th 2015 highs.

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