Gains Likely A Correction *RES 4:......>

AUSSIE TECHS: Gains Likely A Correction

*RES 4: 0.6827 High Jan 27

*RES 3: 0.6788 Trendline resistance drawn off the Jan 2 high

*RES 2: 0.6774 High Feb 5 and key near-term resistance

*RES 1: 0.6736 High Feb 7

*PRICE: 0.6693 @ 10:40 GMT Feb 10

*SUP 1: 0.6660 Intraday low

*SUP 3: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high

*SUP 2: 0.6638 1.618 projection of Dec 31 - Jan 8 decline from Jan 16 high

*SUP 4: 0.6611 1.764 projection of Dec 31 - Jan 8 decline from Jan 16 high

Has bounced off today's low however despite this, AUDUSD is likely to remain

under pressure near-term. This follows last week's sell-off through the Feb 4

low of 0.6679 and more importantly through the primary support at 0.6671, Oct 2

low. More broadly, bearish conditions dominate following the impulsive move

lower in January and the recent break of trendline support drawn off the Oct 2

low. The break of 0.6671 opens 0.6659 and 0.6638. Resistance is at 0.6736.