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Stronger Yen Drags USD/Asia Lower

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AUSSIE TECHS: Finds Some Support
*RES 4: 0.6879 High Jan 23
*RES 3: 0.6822 Trendline resistance drawn off the Jan 2 high
*RES 2: 0.6777 High Jan 29
*RES 1: 0.6730 High Jan 31
*PRICE: 0.6717 @ 05:59 GMT Feb 4
*SUP 1: 0.6679 Intraday low
*SUP 3: 0.6671 Low Oct 2 and primary support
*SUP 2: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high
*SUP 4: 0.6657 2.0% 10-dma envelope
AUDUSD has found support today bouncing in the Asia session. The pair maintains
a weaker tone though with attention still on last year's lows of 0.6677/71, the
Aug 7 and Oct 2 lows respectively. Bearish conditions dominate following the
impulsive move lower In January and the recent break of trendline support drawn
off the Oct 2 low. A break of 0.6671 would further reinforce current bearish
conditions. Firm resistance is at 0.6777, Jan 29 low.

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