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Holds Onto Gains *RES 4: 0.7032 High...>

AUSSIE TECHS
AUSSIE TECHS: Holds Onto Gains
*RES 4: 0.7032 High Dec 31 and bull trigger
*RES 3: 0.6995 High Jan 3
*RES 2: 0.6943 High Jan 7
*RES 1: 0.6922 Intraday high
*PRICE: 0.6919 @ 10:39 GMT Jan 16
*SUP 1: 0.6849 Low Jan 8
*SUP 2: 0.6838 Low Dec 17 and key support
*SUP 3: 0.6821 Trendline support drawn off the Oct 2 low
*SUP 4: 0.6800 Low Dec 10
AUD/USD is consolidating and holding onto recent gains. The pair however is
still seen likely to remain vulnerable near-term at least until 0.6943
resistance is cleared, the Jan 7 high. Last week, price breached 0.6904, Dec 25
low. This opens 0.6838, the Dec 17 low. We still see a volatility-based support
at 0.6848. If the sell-off this month is after all a correction, 0.6838-48 would
need to remain intact to avoid a deeper sell-off.

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