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Bounce Extends *RES 4: 0.6827 High.....>

AUSSIE TECHS: Bounce Extends
*RES 4: 0.6827 High Jan 27
*RES 3: 0.6774 High Feb 5 and key near-term resistance
*RES 2: 0.6771 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6737 High Feb 11 and intraday high
*PRICE: 0.6741 @ 10:43 GMT Feb 12
*SUP 1: 0.6660 Low Feb 10
*SUP 3: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high
*SUP 2: 0.6638 1.618 projection of Dec 31 - Jan 8 decline from Jan 16 high
*SUP 4: 0.6611 1.764 projection of Dec 31 - Jan 8 decline from Jan 16 high
The AUDUSD rebound extended Tuesday and again today as the pair remains firmer
for now. Despite this, the outlook remains bearish following last week's
sell-off through the Feb 4 low of 0.6679 and more importantly through support at
0.6671, Oct 2 low. This marked an extension of the January decline and opens
0.6659 and 0.6638. On the upside, key resistance is at the 0.6771/74 zone. A
break of this area is required to signal a reversal.

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