Bears Still In Charge *RES 4: 0.6676...>

AUSSIE TECHS: Bears Still In Charge

*RES 4: 0.6676 Trendline resistance drawn off the Jan 2 high

*RES 3: 0.6660 Low Feb 10 and former breakout point

*RES 2: 0.6639 High Feb 21

*RES 1: 0.6607 High Feb 26

*PRICE: 0.6549 @ 06:19 GMT Feb 27

*SUP 1: 0.6543 Low Feb 26

*SUP 2: 0.6529 Low Mar 16 2009

*SUP 3: 0.6517 2.0% 10-dma envelope

*SUP 4: 0.6500 Handle Support

AUDUSD was under pressure once again yesterday and maintains a weaker tone. The

pair traded to a new multi-year low of 0.6543 clearing Monday's 0.6585 low. A

bearish theme is clearly still intact and further downside is likely. This is

also reinforced within the longer-term dma space, where the 100-mma now sits

below the 200-mma for the first time since 2008. The focus is on 0.6529 ahead of

the 2.0% 10-dma envelope at 0.6517. Initial resistance is at 0.6607.