Bulls need to clear 0.6800: *RES 4: 0.6986...>

AUSSIE: Bulls need to clear 0.6800:

*RES 4: 0.6986 Cloud top/100-dma

*RES 3: 0.6911/27 Low Jul 10 / 61.8% of Jul-Aug fall

*RES 2: 0.6880 50% of Jul-Aug fall

*RES 1: 0.6822/55 High Aug 8/Low Jun 19

*PRICE: 0.6786 @ 05:16 GMT Aug 12

*SUP 1: 0.6746 Low Aug 8

*SUP 2: 0.6677 YTD low

*SUP 3: 0.6606 Lower 3.0% 10-dma envelope

*SUP 4: 0.6576 Lower Bollinger Band (3%)

AUDUSD probed the 0.6800 level last week, a close above this level will be key

for bulls. A doji formation on Aug 8 followed by a bullish engulfing the

following day highlight some important candle formations that signal a potential

base, following the strong rally off 0.6677 last Wednesday. Strong gains above

0.6800 would open the 50% retracement of the Jul-Aug fall at 0.6880, ahead of

the cloud top & 100-dma at 0.6986. Key support lies at 0.6677.