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AUSSIE TECHS: Bearish Focus Intact For Now
*RES 4: 0.6938 200-DMA
*RES 3: 0.6930 High Oct 31 and bull trigger
*RES 2: 0.6906 High Nov 8
*RES 1: 0.6841/51 High Nov 14 / Former trendline support
*PRICE: 0.6799 @ 06:06 GMT Nov 19
*SUP 1: 0.6770 61.8% of Oct 2 - Oct 31 rally / Intraday low
*SUP 1: 0.6752 Low Oct 17
*SUP 3: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD is consolidating for now. The pair however remains vulnerable near-term
following last weeks break of trendline support at 0.6830, drawn off the Oct 2
low. The clear breach of this trendline represents a short-term bearish
development with momentum studies pointing south, and signals scope for a deeper
pullback. 0.6770 has been achieved, the 61.8% retracement of the rally between
Oct 2 and Oct 31. The 76.4% level is at 0.6732. Resistance is at 0.6841.