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Heavy Following Trendline Break *RES...>

AUSSIE TECHS
AUSSIE TECHS: Heavy Following Trendline Break
*RES 4: 0.6943 200-DMA
*RES 3: 0.6930 High Oct 31 and bull trigger
*RES 2: 0.6906 High Nov 8
*RES 1: 0.6841 Intraday high
*PRICE: 0.6794 @ 10:48 GMT Nov 14
*SUP 1: 0.6770 61.8% retracement of Oct 2 - Oct 31 rally
*SUP 1: 0.6752 Low Oct 17
*SUP 3: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD started today's session on a soft note and remains vulnerable. The key
technical development has been the breach of trendline support at 0.6830, drawn
off the Oct 2 low. The clear break of this trendline represents a short-term
bearish development and signals scope for a deeper pullback potentially towards
0.6770 next, the 61.8% retracement of the rally between Oct 2 and Oct 31.
Initial resistance is today's intraday high of 0.6841.

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