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AUSSIE TECHS: Holding Above 0.6838-48 Support Zone
*RES 4: 0.7082 High Jul 19 and key resistance
*RES 3: 0.7032 High Dec 31 and bull trigger
*RES 2: 0.6995 High Jan 3
*RES 1: 0.6943 High Jan 7
*PRICE: 0.6852 @ 16:19 GMT Jan 9
*SUP 1: 0.6849 Low Jan 8/9
*SUP 2: 0.6838 Low Dec 17 and key support
*SUP 3: 0.6811 Trendline support drawn off the Oct 2 low
*SUP 4: 0.6800 Low Dec 10
AUDUSD is a touch weaker and remains vulnerable. The pair has this week traded
through support at 0.6904, Dec 25 low to further undermine the recent bullish
outlook. The breach of this support opens key support at the 0.6838 Dec 17 low.
Note, there is also a volatility-based support seen at the 0.6848 level. If the
current pullback is a correction, the 0.6838-48 zone would need to hold to avoid
a deeper sell-off. 0.6943 is the first resistance.