Gains Still Seen Corrective In.........>

AUSSIE TECHS: Gains Still Seen Corrective In Nature

*RES 4: 0.6827 High Jan 27

*RES 3: 0.6779 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: 0.6719 @ 06:12 GMT Feb 11

*SUP 1: 0.6660 Low Feb 10

*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

The AUDUSD rebound extends with strong gains in Asia overnight. For now though,

the outlook remains bearish following 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.

This marked an extension of the January decline and opens 0.6659 and 0.6638. On

the upside, resistance is at 0.6736 ahead of the key 0.6774/79 zone. A break of

this latter area is required to signal a reversal.