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AUSSIE TECHS
AUSSIE TECHS: Bullish Outlook Intact
*RES 4: 0.6930 High Oct 31 and key resistance
*RES 3: 0.6916 200-day MA
*RES 2: 0.6888 76.4% retracement of the Oct 31 - Nov 29 decline
*RES 1: 0.6862/63 High Dec 3 / 61.8% of Oct 31 - Nov 29 decline
*PRICE: 0.6847 @ 10:32 GMT Dec 6
*SUP 1: 0.6813 Low Dec 4
*SUP 2: 0.6754/52 Low Nov 29 / Low Oct 17
*SUP 3: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD remains in consolidation mode. The pair has overall had a firm week so
far following Monday's rally that in candle terms was a bullish engulfing. The
subsequent breach of resistance at 0.6835, Nov 19 high reinforces the candle
pattern as a reversal signal. The next hurdle for bulls is Tuesday's high of
0.6862 and 0.6863, a 61.% retracement level. A break would open 0,6900 and
beyond. First support is 0.6813. Bullish still.

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