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Consolidating: *RES 4: 0.6880 50% of...>

AUSSIE TECHS
AUSSIE TECHS: Consolidating:
*RES 4: 0.6880 50% of Jul 19-Aug 7 sell-off
*RES 3: 0.6822 High Aug 8 and key resistance
*RES 2: 0.6799 High Aug 21
*RES 1: 0.6788 High Aug 26
*PRICE: 0.6739 @ 04:37 GMT Aug 28
*SUP 1: 0.6690 Low Aug 26
*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 posted a solid bullish range Monday, staging a near 1.5% rally from the
day's lows. Activity since Aug 7 has now clearly defined directional parameters
at 0.6677 and 0.6822. A break below 0.6677 would confirm a resumption of the
downtrend, opening 0.6600 initially. For bulls, a break of 0.6822, the high of
Aug 8, would signal a trend reversal and open 0.6880 initially. For now, AUDUSD
appears comfortable within its range.

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