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Bullish Outlook Intact *RES 4:.........>

AUSSIE TECHS
AUSSIE TECHS: Bullish Outlook Intact
*RES 4: 0.7009 High Jul 24
*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 2: 0.6953 200-DMA
*RES 1: 0.6930 High Oct 31 and bull trigger
*PRICE: 0.6879 @ 18:57 GMT Nov 6
*SUP 1: 0.6869 Intraday low
*SUP 1: 0.6849 Low Oct 30
*SUP 3: 0.6809 Low Oct 25 and key support
*SUP 4: 0.6803 Trendline support drawn off Oct 2 low
AUDUSD is correcting. A bullish outlook is maintained though and the focus
remains 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. The focus is on a climb next towards 0.6953 next, the 200-DMA. Support
lies at 0.6849.

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