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Corrective Pullback *RES 4: 0.7103.....>

AUSSIE TECHS
AUSSIE TECHS: Corrective Pullback
*RES 4: 0.7103 High Apr 24
*RES 3: 0.7082 High Jul 19 and key resistance
*RES 2: 0.7032 High Dec 31 and bull trigger
*RES 1: 0.6995 High Jan 3
*PRICE: 0.6935 @ 06:10 GMT Jan 6
*SUP 1: 0.6930 Low Jan 3 and trendline drawn off the Dec 2 low
*SUP 2: 0.6904 Low Dec 25
*SUP 3: 0.6883 Low Dec 20
*SUP 4: 0.6838 Low Dec 17 and key support
AUDUSD remains under for now. The recent move lower is likely a correction with
the broader outlook remaining bullish. Strong gains over December reinforced the
bullish theme. The rally last December 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. Support
below 0.6930 is seen at 0.6904.

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