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Bounces *RES 4: 0.6879 High Jan 23.....>

AUSSIE TECHS
AUSSIE TECHS: Bounces
*RES 4: 0.6879 High Jan 23
*RES 3: 0.6827 High Jan 27
*RES 2: 0.6814 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6777 High Jan 29 and key near-term resistance
*PRICE: 0.6745 @ 16:36 GMT Feb 5
*SUP 1: 0.6724 Intraday low
*SUP 3: 0.6679 Low Feb 4
*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 appears to have finally found support. Despite Tuesday's gains and the
follow through on Wednesday, it is too early to tell whether a clear reversal is
underway. Attention is still on last year's lows of 0.6677/71, the Aug 7 and Oct
2 lows respectively. Bearish conditions dominate following the impulsive move
lower In January and the recent break of trendline support drawn off the Oct 2
low. Firm resistance is at 0.6777, Jan 29 low ahead of the 0.6814 trendline.

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