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Corrective Mode *RES 4: 0.6962.........>

AUSSIE TECHS
AUSSIE TECHS: Corrective Mode
*RES 4: 0.6962 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: 0.6815 @ 05:55 GMT Oct 28
*SUP 1: 0.6809 Low Oct 25
*SUP 2: 0.6766/52 Trendline support drawn off Oct 2 low / Low Oct 17
*SUP 3: 0.6724 Low Oct 16
*SUP 4: 0.6710 Low Oct 10
The AUDUSD correction that established itself last week remains intact for now.
A deeper pullback would open S/T trendline support drawn off the Oct 2 low that
intersects at 0.6766 and seen as a firm support. From a broader perspective, the
trend outlook is bullish with the focus on key resistance at 0.6895, Sep 12
high. A break here would represent an important technical development and
confirm a potential broad double bottom reversal pattern.

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