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Bull Trend Resumes *RES 4: 0.7036......>

AUSSIE TECHS
AUSSIE TECHS: Bull Trend Resumes
*RES 4: 0.7036 High Jul 23
*RES 3: 0.7009 High Jul 24
*RES 2: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 1: 0.6955 Intraday high
*PRICE: 0.6950 @ 06:18 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
*SUP 4: 0.6800 Low Dec 10
AUDUSD is bullish and has traded 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 0.6985, 76.4% retracement of
the Jul 19 - Oct 2 decline. 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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