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Bull Flag *RES 4: 0.7009 High Jul 24...>

AUSSIE TECHS
AUSSIE TECHS: Bull Flag
*RES 4: 0.7009 High Jul 24
*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 2: 0.6949 200-DMA
*RES 1: 0.6930 High Oct 31 and bull trigger
*PRICE: 0.6881 @ 05:54 GMT Nov 8
*SUP 1: 0.6862 Low Nov 7
*SUP 1: 0.6849 Low Oct 30
*SUP 3: 0.6814/09 Trendline support drawn off Oct 2 low / Low Oct 25
*SUP 4: 0.6752 Low Oct 17
AUDUSD rebounded off its low yesterday. A bullish outlook is maintained with a
focus on the recent key technical development, the breach of 0.6895, Sep 12
high. This confirmed a broad double bottom pattern and a medium term bullish
reversal. Furthermore, the move has reinforced the current uptrend that started
on Oct 2. Additionally, recent activity appears to be a bull flag, reinforcing
bullish conditions. The focus is on 0.6953 next. Support lies at 0.6849.

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