Heavy Following Trendline Break *RES...>

AUSSIE TECHS: Heavy Following Trendline Break

*RES 4: 0.6940 200-DMA

*RES 3: 0.6930 High Oct 31 and bull trigger

*RES 2: 0.6906 High Nov 8

*RES 1: 0.6841 High Nov 14

*PRICE: 0.6791 @ 05:58 GMT Nov 15

*SUP 1: 0.6770 61.8% of Oct 2 - Oct 31 rally / Intraday low

*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 suffered a bearish session Thursday as strong selling pressure followed

the break 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. 0.6770 has been achieved, this is the 61.8%

retracement of the rally between Oct 2 and Oct 31. The 76.4% level is at 0.6732.

Initial resistance is Thursday's intraday high of 0.6841.