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Bulls Remain In Charge *RES 4:.........>

AUSSIE TECHS
AUSSIE TECHS: Bulls Remain In Charge
*RES 4: 0.7009 High Jul 24
*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 2: 0.6953 200-DMA
*RES 1: 0.6930 High Oct 31 and bull trigger
*PRICE: 0.6903 @ 10:34 GMT Nov 6
*SUP 1: 0.6877 Low Nov 4 and intraday low
*SUP 1: 0.6849 Low Oct 30
*SUP 3: 0.6809 Low Oct 25 and key support
*SUP 4: 0.6803 Trendline support drawn off Oct 2 low
AUDUSD is consolidating for now. A bullish outlook is maintained though. The
focus remains on the recent key technical development, the breach of 0.6895, Sep
12 high. This confirmed a broad double bottom reversal pattern and a medium-term
bullish reversal. Furthermore, the move has reinforced the current uptrend that
started on Oct 2. The focus is on a climb towards 0.6953 next, the 200-DMA.
Support lies at 0.6849.

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