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Bearish Extension *RES 4: 0.6879.......>

AUSSIE TECHS: Bearish Extension
*RES 4: 0.6879 High Jan 23
*RES 3: 0.6843 Former trendline support
*RES 2: 0.6777 High Jan 29
*RES 1: 0.6755 High Jan 30
*PRICE: 0.6698 @ 17:06 GMT Jan 31
*SUP 1: 0.6683 Intraday low
*SUP 3: 0.6676 2.0% 10-dma envelope
*SUP 2: 0.6671 Low Oct 2 and primary support
*SUP 4: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high
AUDUSD maintains a weaker tone and extended losses Friday. The pair has cleared
0.6700 and attention turns to last year's lows of 0.6677/71, the Aug 7 and Oct 2
lows respectively. Bearish conditions remain in place and have been reinforced
by the impulsive move lower and the recent break of trendline support drawn off
the Oct 2 low. A break of 0.6671 would further reinforce current conditions.
Firm resistance is at 0.6777, Jan 29 low.

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