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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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AUSSIE TECHS: Fresh Trend Low Print
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6685 Trendline resistance drawn off the Jan 2 high
*RES 2: 0.6660 Low Feb 10 and former breakout point
*RES 1: 0.6639 High Feb 21
*PRICE: 0.6557 @ 17:04 GMT Feb 26
*SUP 1: 0.6552 Intraday low
*SUP 2: 0.6536 2.0% 10-dma envelope
*SUP 3: 0.6529 Low Mar 16 2009
*SUP 4: 0.6500 Handle Support
AUDUSD maintains a weaker tone and has today once again hit a new multi-year low
clearing Monday's 0.6585 low. A bearish theme is clearly still intact and
further downside is likely. This is also reinforced within the longer-term dma
space, where the 100-mma now sits below the 200-mma for the first time since
2008. The focus is on the 2.0% 10-dma envelope at 0.6536 ahead of 0.6529.
Initial resistance is at 0.6639, the Feb 21 high.

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