Correcting *RES 4: 0.7009 High Jul.....>

AUSSIE TECHS: Correcting

*RES 4: 0.7009 High Jul 24

*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline

*RES 2: 0.6955 High Jul 26

*RES 1: 0.6939 High Dec 13

*PRICE: 0.6869 @ 06:03 GMT Dec 17

*SUP 1: 0.6861 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 Dec 1 but did find strong resistance at the day high

and continues to retrace. Last week's gains resulted in a test above the key

resistance of 0.6930, Oct 31 high. Despite pulling back off the recent high,

bullish conditions remain intact and the setback is seen as a correction. A

recovery above last weeks high of 0.6939 would confirm a resumption of strength

and open 0.6985, 76.4% of Jul 19 - Oct 2 decline. 0.6837 is trendline support.