Downtrend Resumes *RES 4: 0.6694.......>

AUSSIE TECHS: Downtrend Resumes

*RES 4: 0.6694 50-day EMA

*RES 3: 0.6685 High Mar 9 and key near-term resistance

*RES 2: 0.6613 High Mar 10

*RES 1: 0.6492 High Mar 12

*PRICE: 0.6352 @ 17:54 GMT Mar 12

*SUP 1: 0.6266 Low Mar 12

*SUP 2: 0.6313 Low Mar 9 and bear trigger

*SUP 3: 0.6210 2.000 projection of Jul - Oct 2019 decline from Dec 31 high

*SUP 4: 0.6200 Round number support

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

0.6266. The outlook remains bearish and the focus is on weakness towards 0.6210,

a fibonacci projection and 0.6200. On the upside, Thursday's intraday high of

0.6492 marks resistance.