Closing In On The Bull Trigger *RES....>

AUSSIE TECHS: Closing In On The Bull Trigger

*RES 4: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline

*RES 3: 0.6955 High Jul 26

*RES 2: 0.6939 High Dec 13 and key resistance

*RES 1: 0.6930 Intraday high

*PRICE: 0.6917 @ 06:06 GMT Dec 24

*SUP 1: 0.6883 Low Dec 20

*SUP 2: 0.6838 Low Dec 17 and key intraday support

*SUP 3: 0.6800 Low Dec 10

*SUP 4: 0.6754/52 Low Nov 29 / Low Oct 17 and key support

AUDUSD is bullish and traded higher again yesterday. Trendline support, drawn

off the Dec 2 low survived a test on Dec 18. In terms of candle signals, the

candle pattern on Dec 18 is a doji, regarded as a reliable signal in identifying

the end of a correction and in this instance suggests the Dec 13 - Dec 17

pullback has run its course. The recovery off the Dec 17/18 lows is encouraging

for bulls with attention on the 0.6939 bull trigger. Key support is at 0.6838.