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Eyes the 61.8% retracement: *RES 4:....>

AUSSIE TECHS
AUSSIE TECHS: Eyes the 61.8% retracement:
*RES 4: 0.6955 High Jull 26
*RES 3: 0.6927 61.8% retracement Jul 19 - Aug 7 sell-off
*RES 2: 0.6911 Low Jul 7
*RES 1: 0.6895 High Sep 12
*PRICE: 0.6877 @ 05:58 GMT Sep 16
*SUP 1: 0.6837 Low Sep 9
*SUP 2: 0.6822 High Aug 8 and former breakout level
*SUP 3: 0.6794 Low Sep 5
*SUP 4: 0.6755 Low Sep 4
AUDUSD maintains a positive outlook. A break of the Sep 12 high of 0.6895 would
confirm a resumption of the uptrend. The next objective is the 61.8% retracement
of Jul 19 - Aug 7 decline at 0.6927. Momentum studies continue to point north
following the recent break of former resistance at 0.6822, the high of Aug 8
that confirmed a bullish reversal. Initial support lies at 0.6837. Look for
AUDUSD to push higher.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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