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Heading South *RES 4: 0.6774 High......>

AUSSIE TECHS
AUSSIE TECHS: Heading South
*RES 4: 0.6774 High Feb 5 and key near-term resistance
*RES 3: 0.6750 High Feb 12
*RES 2: 0.6685 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6660 Low Feb 10 and former breakout point
*PRICE: 0.6589 @ 06:11 GMT Feb 26
*SUP 1: 0.6585 Low Feb 24
*SUP 2: 0.6555 Lower 3.0% Bollinger Band
*SUP 3: 0.6536 2.0% 10-dma envelope
*SUP 4: 0.6529 Low Mar 16 2009
AUDUSD maintains a weaker tone and did hit a new multi-year low once again
Monday. A bearish theme is reinforced within the longer-term dma space, where
the 100-mma now sits below the 200-mma for the first time since 2008. This
signals scope for continued weakness with the focus on the lower 3.0% Bollinger
Band at 0.6555 that, also may moderate any further decline. Initial resistance
is at 0.6660, the Feb 10 low.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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