0.6406 Is First Resistance *RES 4:.....>

AUSSIE TECHS: 0.6406 Is First Resistance

*RES 4: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low

*RES 3: 0.6492 High Mar 12

*RES 2: 0.6445 High Apr 14 and bull trigger

*RES 1: 0.6406 High Apr 23

*PRICE: 0.6368 @ 10:46 BST Apr 24

*SUP 1: 0.6254 Low Apr 21 and intraday bear trigger

*SUP 2: 0.6214 Mar 31 high and former breakout level

*SUP 3: 0.6116 Low Apr 8

*SUP 4: 0.6076 Low Apr 7

AUDUSD looked vulnerable this week, but staged a convincing bounce Thursday to

briefly top $0.6400. Nonetheless, key resistance at 0.6445, Apr 14 high remains

intact for now. While this level holds, a bearish theme dominates following the

move lower on Apr 15. A bearish candle pattern was confirmed at the close on

this day in the shape of a bearish engulfing reversal. Attention is on support

at 0.6214, Mar 31 high. A break would open 0.6116, Apr 8 low.