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Broad Double Bottom? *RES 4: 0.6971....>

AUSSIE TECHS
AUSSIE TECHS: Broad Double Bottom?
*RES 4: 0.6971 200-DMA
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6895 High Sep 12 and key resistance
*RES 1: 0.6876 High Oct 21
*PRICE: 0.6875 @ 08:33 GMT Oct 21
*SUP 1: 0.6811 High Oct 11 and recent breakout point
*SUP 2: 0.6752 Low Oct 17
*SUP 3: 0.6724 Low Oct 16 and near-term trend support
*SUP 4: 0.6710 Low Oct 10
AUDUSD rallied again Friday ending the week on a firm note as the pair
approaches key resistance at 0.6895, Sep 12 high. The outlook remains bullish. A
break of 0.6895 would represent a significant technical development and, also
confirm a broad double bottom reversal pattern that appears to be developing on
the daily chart. On the downside, initial support is seen at 0.6811, Oct 11
high. Key trend support for now is at 0.6724, Oct 16 low.

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