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Bull Trend Resumes *RES 3: 0.7036......>

AUSSIE TECHS
AUSSIE TECHS: Bull Trend Resumes
*RES 3: 0.7036 High Jul 23
*RES 2: 0.7009 High Jul 24
*RES 1: 0.6986 High Dec 27
*PRICE: 0.6979 @ 16:34 GMT Dec 27
*SUP 1: 0.6904 Low Dec 25
*SUP 2: 0.6883 Low Dec 20
*SUP 3: 0.6838 Low Dec 17 and key intraday support
AUDUSD is bullish and is trading higher again today. Importantly, the pair has
cleared key resistance at 0.6939, Dec 13 high. This confirms a resumption of the
current uptrend and also reinforces what appears to be a broader base that has
been developing since August. Attention turns to any clean break of 0.6985, the
76.4% retracement of the Jul 19 - Oct 2 decline (rate traded 1 pip above
Friday). Clearance of this level would signal scope for gains towards 0.7082,
Jul 19 high. Support lies at 0.6904, Dec 25 low.

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