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Correcting Ahead Of Trendline..........>

AUSSIE TECHS
AUSSIE TECHS: Correcting Ahead Of Trendline Support
*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
*RES 1: 0.6898 High Dec 16
*PRICE: 0.6847 @ 17:00 GMT Dec 17
*SUP 1: 0.6838 Intraday low
*SUP 2: 0.6837 Trendline support drawn off the Dec 2 low
*SUP 3: 0.6800 Low Dec 10
*SUP 4: 0.6754/52 Low Nov 29 / Low Oct 17 and key support
AUDUSD extended its rally last week but did find resistance at the 0.6939 high
on Dec 13 and continues to retrace. Last week's gains resulted in a test above
the key resistance of 0.6930, Oct 31 high, a bullish development. Despite
pulling back off the recent high, bullish conditions remain intact and the
setback is likely a correction. Key support today is at a trendline drawn off
the Dec 2 low that intersects at 0.6837. A break would risk a deeper pullback.

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