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Fearsome Recovery *RES 4: 0.6750.......>

AUSSIE TECHS
AUSSIE TECHS: Fearsome Recovery
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6719 50-day EMA
*RES 2: 0.6695 High Feb 20
*RES 1: 0.6685 High Mar 9
*PRICE: 0.6616 @ 16:49 GMT Mar 9
*SUP 1: 0.6434 Low Feb 28
*SUP 2: 0.6313 Intraday low
*SUP 3: 0.6307 1.764 projection of Jul - Oct 2019 decline from Dec 31 high
*SUP 4: 0.6210 2.000 projection of Jul - Oct 2019 decline from Dec 31 high
Volatile price action has seen the pair trade to a low of 0.6313 during the Asia
session before rebounding sharply. The move lower highlights the continued
existence of a bearish threat and negated for now, last week's bullish break of
trendline resistance drawn off Jan 1 high. The recovery back above the Friday
high of 0.6658 is constructive, decreasing the likelihood that the Aussie will
retest 0.6313 near-term.

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