Fed Lends a Hand *RES 3: 0.6911 Low....>

AUSSIE TECHS: Fed Lends a Hand

*RES 3: 0.6911 Low Jul 10

*RES 2: 0.6907 2% Upper Bollinger Band

*RES 1: 0.6895 High Sep 12 and potential double bottom midpoint

*PRICE: 0.6894 @ 19:06 GMT Oct 30

*SUP 1: 0.6809 Low Oct 25

*SUP 2: 0.6777/52 Trendline support drawn off Oct 2 low / Low Oct 17

*SUP 3: 0.6724 Low Oct 16

AUDUSD traded well for much of the Wednesday session and received a decent late

boost from the Fed rate decision, which allowed the pair to spill above the

October highs. These gains continue to play into the hands of bulls, with a firm

S/T support defined at Friday's 0.6809 low. A move below this level is needed to

dent the recent bounce and expose a deeper correction towards trendline support

drawn off the Oct 2 low, at 0.6777. For now, the focus is 0.6895, Sep 12 high

and the midpoint of a potential broad double bottom.