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Bullish Tone *RES 4: 0.6930 High Oct...>

AUSSIE TECHS: Bullish Tone
*RES 4: 0.6930 High Oct 31 and key resistance
*RES 3: 0.6914 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: 0.6824 @ 06:01 GMT Dec 10
*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 the Oct 2 to Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD remains in a consolidation mode. The pair is holding onto last weeks
gains following the rally on Dec 2. The candle pattern on this day is a bullish
engulfing and signals a reversal. The subsequent breach of resistance at 0.6835,
Nov 19 high reinforces the candle pattern. The next hurdle for bulls is the Dec
3 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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