Bull Trend Seen Extending *RES 4:......>

AUSSIE TECHS: Bull Trend Seen Extending

*RES 4: 0.7082 High Jul 19 and key resistance

*RES 3: 0.7036 High Jul 23

*RES 2: 0.7009 High Jul 24

*RES 1: 0.6999 Intraday high

*PRICE: 0.6995 @ 11:02 GMT Dec 30

*SUP 1: 0.6941 Low Dec 27

*SUP 2: 0.6904 Low Dec 25

*SUP 3: 0.6883 Low Dec 20

*SUP 4: 0.6838 Low Dec 17 and key support

AUDUSD is bullish and likely to extend further the current upward cycle. The

pair last week 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. The focus is on a break

through 0.7000 with potential for 0.7036 and 0.7082 next, Jul 23 and Jul 19

highs respectively. Initial support lies at 0.6941, the Dec 27 low.