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EUR

EURGBP pare losses

AUSSIE TECHS
AUSSIE TECHS: Downside Risk Still Present
*RES 4: 0.7032 High Dec 31 and bull trigger
*RES 3: 0.6995 High Jan 3
*RES 2: 0.6943 High Jan 7
*RES 1: 0.6920 Intraday high
*PRICE: 0.6911 @ 16:22 GMT Jan 13
*SUP 1: 0.6849 Low Jan 8/9
*SUP 2: 0.6838 Low Dec 17 and key support
*SUP 3: 0.6815 Trendline support drawn off the Oct 2 low
*SUP 4: 0.6800 Low Dec 10
AUDUSD holds to bulk of Friday's gains, but bulls are not seen out of the woods
yet. The pair last week slipped breached 0.6904, Dec 25 low to further undermine
the recent bullish outlook. This opens 0.6838 Dec 17 low. Note, there is also a
volatility-based support seen at the 0.6848 level. If the current pullback is a
correction, the 0.6838-48 zone would need to hold to avoid a deeper sell-off.
0.6943 is key resistance, a break is required to reinstate a bullish focus.