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Bullish Rally Intact *RES 4: 0.7103....>

AUSSIE TECHS
AUSSIE TECHS: Bullish Rally Intact
*RES 4: 0.7103 High Apr 24
*RES 3: 0.7082 High Jul 19 and key resistance
*RES 2: 0.7036 High Jul 23
*RES 1: 0.7015 Projected bull channel top drawn off Oct 2 low
*PRICE: 0.7010 @ 10:32 GMT Dec 31
*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 seen likely to extend 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 0.7000 level has been
breached opening 0.7036 and 0.7082 next, Jul 23 and Jul 19 highs respectively.
Initial support lies at 0.6941, the Dec 27 low.

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