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Corrective Mode *RES 3: 0.7082 High....>

AUSSIE TECHS
AUSSIE TECHS: Corrective Mode
*RES 3: 0.7082 High Jul 19 and key resistance
*RES 2: 0.7032 High Dec 31 and bull trigger
*RES 1: 0.6995 Intraday high
*PRICE: 0.6960 @ 16:20 GMT Jan 3
*SUP 1: 0.6930 Intraday low
*SUP 2: 0.6904 Low Dec 25
*SUP 3: 0.6883 Low Dec 20
AUDUSD was under pressure for much of the Friday morning, but managed to stage a
mini-recovery ahead of the close. The move lower is likely a correction with the
broader outlook still bullish. Strong gains over December reinforced the bullish
theme. The rally cleared the former key resistance at 0.6939, Dec 13 high to
confirm a resumption of the uptrend and also reinforce what appears to be a
broader base that has been developing since August. Next support is seen at
0.6904.

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