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Heading South *RES 4: 0.6934 High......>

AUSSIE TECHS
AUSSIE TECHS: Heading South
*RES 4: 0.6934 High Jan 16 and key near-term level
*RES 3: 0.6879 High Jan 23
*RES 2: 0.6839 Former trendline support
*RES 1: 0.6800 Low Dec 10 and former breakout level
*PRICE: 0.6754 @ 20:37 GMT Jan 29
*SUP 1: 0.6735 Low Jan 29
*SUP 2: 0.6724 Low Oct 16
*SUP 3: 0.6710 Low Oct 10
*SUP 4: 0.6671 Low Oct 2 and primary support
AUDUSD inched through support at the Tuesday low of 0.6737, but no real downside
breakout followed. Bearish conditions remain in place following the recent slide
and break of trendline support drawn off the Oct 2 low. The move lower confirmed
a resumption of January's bearish theme. 0.6800, the Dec 10 low and 0.6754, Nov
29 low have been cleared. The focus is on 0.6724 next, Oct 16 low. Initial
resistance is at 0.6800 ahead of 0.6839, the former trendline.

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