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Correction Or Reversal?: *RES 3:.......>

AUSSIE TECHS
AUSSIE TECHS: Correction Or Reversal?:
*RES 3: 0.6831 High Sep 19
*RES 2: 0.6806/09 High Sep 24 / High Sep 20
*RES 1: 0.6781 Sep 26 high and key resistance
*PRICE: 0.6730 @ 16:32 GMT Oct 8
*SUP 1: 0.6702 Low Oct 3
*SUP 2: 0.6671 Low Oct 2
*SUP 3: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
AUDUSD pulled back Monday and the selling pressure resumed ahead of the close on
Tuesday. For now, attention remains on resistance at 0.6781 following last weeks
inability to convincingly break the area of support between 0.6690/83, previous
lows in Sep and Aug. For bulls, a break of 0.6781 would open 0.6806/09 and
reinforce a bullish outlook opening 0.6895 once again, Sep 12 high. On the
downside, the failure ahead of 0.6781 and a break of 0.6671 would reinstate a
downtrend.

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