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Firm: *RES 4: 0.6986 76.4%.............>

AUSSIE TECHS
AUSSIE TECHS: Firm:
*RES 4: 0.6986 76.4% retracement Jul 19 - Aug 7 sell-off
*RES 3: 0.6927 61.8% retracement Jul 19 - Aug 7 sell-off
*RES 2: 0.6911 Low Jul 7
*RES 1: 0.6885 Intraday high
*PRICE: 0.6874 @ 04:53 GMT Sep 11
*SUP 1: 0,6822 High Aug 8 and former breakout level
*SUP 2: 0.6794 Low Sep 5
*SUP 3: 0.6755 Low Sep 4
*SUP 4: 0.6688 Low Sep 3
AUDUSD bullish conditions still prevail as the current rally extends, buoyed by
the recent break of former resistance at 0.6822, the high of Aug 8. The move
above 0.6822 confirmed bullish divergence between price and momentum and
confirmed a bullish reversal. Momentum studies too are pointing higher. The
0.6880 Fibonacci retracement, an upside objective has been hit. A clear break
would open 0.6911 and 0.6927 next. Initial support lies at 0.6822.

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