Aussie reached critical support overnight at .8660; coincident with this move lower, momentum reached levels (-20) that are consistent with at least modest corrections higher. We expect this move lower to eventually test channel support at .8485 so bounces can be used to enter the larger downtrend. (weekly) S/t, a recent down channel and the downtrend from 9/5 offer resistance today at .8725; a rally through there is needed to offer some sign of stabilization. A failure to hold .8660 or the -20 momentum “bounce zone” clears a path for another quick move lower to .8485. (240min) Conviction: Med Levels: Support – .8660, .8485 Resistance – ..8768, .8832, .8927
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