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Cycle Lows: *RES 4: 0.6941 55-dma......>

AUSSIE TECHS
AUSSIE TECHS: Cycle Lows:
*RES 4: 0.6941 55-dma
*RES 3: 0.6911/27 Low Jul 10/61.8% of Jul-Aug fall
*RES 2: 0.6837/61 200-hma/Low Jun 19
*RES 1: 0.6801 High Aug 06
*PRICE: 0.6728 @ 09:22 GMT Aug 07
*SUP 1: 0.6677 Intraday/YTD low
*SUP 2: 0.6626 Lower 3.0% 10-dma envelope
*SUP 3: 0.6587 Lower Bollinger Band (3%)
*SUP 4: 0.6567 Low Mar 18, 2009
AUDUSD breached the 0.67 level to print fresh 10-year lows in the wake of the
latest RBNZ MonPol decision, as pressure spilled from over the Tasman. Technical
indicators remain heavily oversold opening the potential of a short squeeze. A
break of the fresh cycle low would open up the lower 3.0% 10-dma envelope. Bulls
need to recover 0.6800 and the Aug 06 high in quick order to regain some poise.

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