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0.6685 Still The Pivot Resistance......>

AUSSIE TECHS
AUSSIE TECHS: 0.6685 Still The Pivot Resistance
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6694 50-day EMA
*RES 2: 0.6685 High Mar 9 and key near-term resistance
*RES 1: 0.6613 High Mar 10
*PRICE: 0.6425 @ 09:45 GMT Mar 12
*SUP 1: 0.6401 76.4% retracement of Monday's range
*SUP 2: 0.6313 Low Mar 9 and bear trigger
*SUP 3: 0.6307 1.764 projection of Jul - Oct 2019 decline from Dec 31 high
*SUP 4: 0.6210 2.000 projection of Jul - Oct 2019 decline from Dec 31 high
Volatile price action this week saw AUDUSD trade to a low of 0.6313 Monday
before rebounding sharply. The move lower highlights the continued existence of
a bearish threat and negated for now, last week's bullish break of trendline
resistance drawn off Jan 1 high. A recovery above Monday's high of 0.6685 is
required to signal a possible reversal. Key support has been defined at Monday's
low of 0.6313. The pair remains heavy below 0.6685.

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