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Candles signal base building: *RES.....>

AUSSIE TECHS: Candles signal base building:
*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: 0.6759 @ 04:42 GMT Aug 13
*SUP 1: 0.6745 Low Aug 12
*SUP 2: 0.6677 YTD low
*SUP 3: 0.6589 Lower 3.0% 10-dma envelope
*SUP 4: 0.6567/54 Low Mar 18 2009 / Lower Bollinger Band (3%)
AUDUSD probed the 0.6800 level last week, with a close above seen key for bulls
to extend the uptrend. A doji formation on Aug 8 followed by a bullish engulfing
the following day highlights some important candle formations that signal a
potential base, following the strong rally off 0.6677 last Wednesday. Strong
gains above 0.6800/22 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.

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