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Edges Lower *RES 4: 0.6934 High Jan....>

AUSSIE TECHS
AUSSIE TECHS: Edges Lower
*RES 4: 0.6934 High Jan 16 and key near-term level
*RES 3: 0.6879 High Jan 23
*RES 2: 0.6841 Former trendline support
*RES 1: 0.6800 Low Dec 10 and former breakout level
*PRICE: 0.6738 @ 06:04 GMT Jan 30
*SUP 1: 0.6731 Intraday low
*SUP 2: 0.6724 Low Oct 16
*SUP 3: 0.6710 Low Oct 10
*SUP 4: 0.6671 Low Oct 2 and primary support
AUDUSD has traded lower overnight in Asia registering a fresh trend low print of
0.6731. Bearish conditions remain in place following the recent slide and break
of trendline support drawn off the Oct 2 low. The move lower confirmed a
resumption of January's bearish theme. 0.6800, the Dec 10 low and 0.6754, Nov 29
low have been cleared. The focus is on 0.6724 next, Oct 16 low. Initial
resistance is at 0.6800 ahead of 0.6841, the former trendline.

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