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Firmer *RES 4: 0.6985 76.4%............>

AUSSIE TECHS
AUSSIE TECHS: Firmer
*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: 0.6929 Intraday high
*PRICE: 0.6916 @ 15:56 GMT Dec 23
*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 is bullish. Trendline support, drawn off the Dec 2 low held last
Wednesday. In terms of candle signals, the candle pattern on Dec 18 is a doji. A
doji is regarded as a reliable signal in identifying the end of a correction and
in this instance suggests the Dec 13 - Dec 17 pullback has run its course. The
fact that trendline support held reinforces the pattern. Also, the subsequent
recovery is encouraging for bulls. Attention is on 0.6939, support is at 0.6838.

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