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Comfortable in its range: *RES 4:......>

AUSSIE TECHS
AUSSIE TECHS: Comfortable in its range:
*RES 4: 0.6956 100-dma
*RES 3: 0.6927 61.8% of Jul 19-Aug 7 sell-off
*RES 2: 0.6880 50% of Jul 19-Aug 7 sell-off
*RES 1: 0.6822 High Aug 8 and range top
*PRICE: 0.6762 @ 04:32 GMT Aug 22
*SUP 1: 0.6736 Low Aug 14 and range base
*SUP 2: 0.6677 YTD low and key support
*SUP 3: 0.6600 Round number support
*SUP 4: 0.6567 Low Mar 18 2009
AUDUSD finds comfort within its 0.6822-0.6736 range. These levels continue to
represent important directional triggers. A break of support at 0.6736 would
reinforce a bearish theme and expose the Aug 7 low of 0.6677 once again, where a
break resumes the downtrend. On the upside, the doji formed on Aug 7 is
significant in that it signals a base. A break of 0.6822 is required to trigger
bullish activity though. This would open the 50% retracement level at 0.6880.

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