Downtrend Resumes *RES 4: 0.6685.......>

AUSSIE TECHS: Downtrend Resumes

*RES 4: 0.6685 High Mar 9 and key near-term resistance

*RES 3: 0.6613 High Mar 10

*RES 2: 0.6539 High Mar 11

*RES 1: 0.6492 High Mar 12

*PRICE: 0.6297 @ 06:08 GMT Mar 13

*SUP 1: 0.6213 Low Mar 12

*SUP 2: 0.6210 2.000 projection of Jul - Oct 2019 decline from Dec 31 high

*SUP 3: 0.6113 2.236 projection of Jul - Oct 2019 decline from Dec 31 high

*SUP 4: 0.6053 2.382 projection of Jul - Oct 2019 decline from Dec 31 high

Volatile price action this week saw AUDUSD trade to a low of 0.6313 Monday

before rebounding sharply. The move lower highlights the continued existence of

a bearish threat and this was again confirmed Thursday with a fresh low print of

0.6213. The outlook remains bearish and the focus is on weakness towards 0.6210

and 0.6113, both Fibonacci projection levels. On the upside, Thursday's intraday

high of 0.6492 marks resistance.