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Heavy to Heavier Following Trendline...>

AUSSIE TECHS
AUSSIE TECHS: Heavy to Heavier Following Trendline Break
*RES 4: 0.6934 High Jan 16 and key near-term level
*RES 3: 0.6879 High Jan 23
*RES 2: 0.6835 Former trendline support
*RES 1: 0.6800 Low Dec 10 and former breakout level
*PRICE: 0.6758 @ 16:59 GMT Jan 27
*SUP 1: 0.6753 Low Nov 29 and key support
*SUP 2: 0.6724 Low Oct 16
*SUP 3: 0.6710 Low Oct 10
*SUP 4: o.6702 Low Oct 3
It was one way traffic in the pair Monday, with AUD dropping sharply following
the break of trendline support last week. The break lower also confirms a
resumption of January's bearish theme. 0.6800, the Dec 10 low has been cleared
and this paves the way for a move towards 0.6754 next, Nov 29 low. If 0.6754 is
cleared, the objective will be 0.6724, Oct 16 low. On the upside, initial
resistance is at 0.6800 ahead of 0.6835.

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