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

AUSSIE TECHS
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: 0.6915 @ 10:04 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.

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