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Gains Are Likely Corrective *RES 4:....>

AUSSIE TECHS
AUSSIE TECHS: Gains Are Likely Corrective
*RES 4: 0.6676 Trendline resistance drawn off the Jan 2 high
*RES 3: 0.6660 Low Feb 10 and former breakout point
*RES 2: 0.6639 High Feb 21
*RES 1: 0.6607 High Feb 26
*PRICE: 0.6579 @ 17:13 GMT Feb 27
*SUP 1: 0.6543 Low Feb 26
*SUP 2: 0.6529 Low Mar 16 2009
*SUP 3: 0.6517 2.0% 10-dma envelope
*SUP 4: 0.6500 Handle Support
AUDUSD is slightly firmer Thursday however gains are likely to be corrective.
The pair traded to a new multi-year low of 0.6543 Wednesday clearing Monday's
0.6585. 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 0.6529
ahead of the 2.0% 10-dma envelope at 0.6517. Initial resistance is at 0.6607.

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