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Bulls Hit Pause: *RES 4: 0.6895 High...>

AUSSIE TECHS
AUSSIE TECHS: Bulls Hit Pause:
*RES 4: 0.6895 High Sep 12 and key resistance
*RES 3: 0.6870 High Sep 17
*RES 2: 0.6831 High Sep 19
*RES 1: 0.6811 High Oct 11
*PRICE: 0.6751 @ 16:13 GMT Oct 15
*SUP 1: 0.6743 Low Oct 15
*SUP 2: 0.6710 Low Oct
*SUP 3: 0.6671 Low Oct 2 and key support
*SUP 4: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
Despite the near-term bullish outlook and supportive risk environment, AUDUSD
retreated Tuesday, putting bulls on the backfoot somewhat. For any further gains
to materialise, resistance at 0.6781 and 0.6809 needs to give way. An ability to
extend recent gains would set the scene for a climb towards 0.6895 next, Sep 12
high. On the downside, a clear short-term support has been defined at Thursday's
low of 0.6710. A break would alter the picture. Initial support is at 0.6751.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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