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Firmer Off Trendline Support *RES 4:...>

AUSSIE TECHS: Firmer Off Trendline Support
*RES 4: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 3: 0.6955 High Jul 26
*RES 2: 0.6939 High Dec 13 and key resistance
*RES 1: 0.6901 Intraday high
*PRICE: 0.6890 @ 06:03 GMT Dec 20
*SUP 1: 0.6838 Low Dec 17 and key intraday support
*SUP 2: 0.6800 Low Dec 10
*SUP 3: 0.6754/52 Low Nov 29 / Low Oct 17 and key support
*SUP 4: 0.6724 Low Oct 16
AUDUSD trendline support, drawn off the Dec 2 low held Wednesday at the 0.6840
level. Also, in terms of candle signals, Wednesday's pattern is a doji. A doji
is regarded as a reliable signal in identifying the end of a correction and in
this instance suggests the recent pullback has run its course. The fact that
trendline support has held reinforces the pattern. The subsequent recovery is
encouraging too for bulls. Attention is on 0.6939 with support at 0.6838.

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