Candles forming a base: *RES 4:........>

AUSSIE TECHS: Candles forming a base:

*RES 4: 0.6979/86 100-dma / Cloud top

*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: 0.6822/32 High Aug 8 / Low Jun 18

*PRICE: 0.6794 @ 15:58 GMT Aug 13

*SUP 1: 0.6745 Low Aug 12

*SUP 2: 0.6677 YTD low

*SUP 3: 0.6582 Lower 3.0% 10-dma envelope

*SUP 4: 0.6567/49 Low Mar 18 2009 / Lower Bollinger Band (3%)

Having probed the 0.6800 level last week, AUD bulls will look for a close above

here to extend the uptrend. A doji formation on Aug 8, followed by a bullish

engulfing highlights some important candle formations that signal a potential

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

0.6800/22 would open the 50% retracement of the Jul-Aug fall at 0.6880, ahead of

the 100-dma & cloud top at 0.6979/86. Key support lies at 0.6677.