Bulls need to hold 0.68: *RES 4:.......>

AUSSIE TECHS: Bulls need to hold 0.68:

*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: 0.6796 @ 16:55 GMT Aug 09

*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 probes the 0.68 level and will remain key at the close. We have seen some

important candlestick patterns develop on the crosses which could aid the

short-term recovery. A positive weekly close would see bulls target a break of

the 50% retracement of the Jul-Aug fall at 0.6880, ahead of the cloud top &

100-dma at 0.6986. Failure to hold 0.68 returns immediate focus back on the

multi-year low at 0.6677.