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AUSSIE TECHS: Downside risk
*RES 4: 0.6928 200-DMA
*RES 3: 0.6930 High Oct 31 and bull trigger
*RES 2: 0.6906 High Nov 8
*RES 1: 0.6835 High Nov 19 and key near-term resistance
*PRICE: 0.6784 @ 10:42 GMT Nov 27
*SUP 1: 0.6768 Low Nov 25
*SUP 1: 0.6752 Low Oct 17
*SUP 3: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
A downside risk in AUDUSD remains in place following the recent break of
trendline support, drawn off the Oct 2 low. The breach represents a S/T bearish
development with momentum studies pointing south. Monday's move lower reinforces
the bearish theme and did result in support at 0.6770, Nov 14 low being probed.
The focus is on 0.6732, 76.4% retracement of the Oct 2 - Oct 31 rally.
Resistance at 0.6835 needs to be cleared to offset the bearish threat.