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AUSSIE TECHS: Correcting Lower
*RES 4: 0.6966 200-DMA
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6895 High Sep 12 and key resistance
*RES 1: 0.6883 High Oct 22
*PRICE: 0.6814 @ 16:23 GMT Oct 24
*SUP 1: 0.6811 High Oct 11 and recent breakout point
*SUP 2: 0.6752 Low Oct 17
*SUP 3: 0.6756 Trendline support drawn off Oct 2 low
*SUP 4: 0.6724 Low Oct 16
AUDUSD remains corrective giving back some of its gains. The outlook remains
bullish with the focus on key resistance at 0.6895, Sep 12 high. A break of
0.6895 would represent an important technical development in that it would
confirm a broad double bottom reversal pattern that appears to be developing on
the charts. On the downside, initial support is seen at 0.6811, Oct 11 high. Key
trend support for now is at 0.6756, the trendline drawn off Oct 2 low.