Closing In On Resistance *RES 4:.......>

AUSSIE TECHS: Closing In On Resistance

*RES 4: 0.6911 Low Jul 10

*RES 3: 0.6895 High Sep 12 and potential double bottom midpoint

*RES 2: 0.6883 High Oct 22

*RES 1: 0.6872 High Oct 29 and intraday high

*PRICE: 0.6862 @ 06:02 GMT Oct 30

*SUP 1: 0.6809 Low Oct 25

*SUP 2: 0.6777/52 Trendline support drawn off Oct 2 low / Low Oct 17

*SUP 3: 0.6724 Low Oct 16

*SUP 4: 0.6710 Low Oct 10

AUDUSD was on the front foot for much of yesterday's session, narrowing the gap

with 0.6883, Oct 22 high. Recent gains too are encouraging for bulls with a firm

S/T support defined at Friday's 0.6809 low. A move below this level is needed to

dent the recent bounce and expose a deeper correction towards trendline support

drawn off the Oct 2 low, at 0.6777. For now, the focus is 0.6895, Sep 12 high

and the midpoint of a potential broad double bottom.