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Corrective Mode *RES 4: 0.7009 High....>

AUSSIE TECHS
AUSSIE TECHS: Corrective Mode
*RES 4: 0.7009 High Jul 24
*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 2: 0.6949 200-DMA
*RES 1: 0.6930 High Oct 31 and bull trigger
*PRICE: 0.6852 @ 17:23 GMT Nov 8
*SUP 1: 0.6849 Low Oct 30
*SUP 1: 0.6814/09 Trendline support drawn off Oct 2 low / Low Oct 25
*SUP 3: 0.6752 Low Oct 17
*SUP 4: 0.6724 Low Oct 16
AUDUSD is under pressure today as the USD in general remains firm. Despite this,
a bullish outlook is maintained with a focus on the bullish implications of the
recent key technical development, the breach of 0.6895, Sep 12 high. This
confirmed a broad double bottom pattern and a M/T reversal. Furthermore, the
move has reinforced the current uptrend that started on Oct 2 and the focus is
on 0.6949 and 0.7009. Support is at 0.6849 and 0.6814.

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