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Hovering Trendline Resistance *RES.....>

AUSSIE TECHS
AUSSIE TECHS: Hovering Trendline Resistance
*RES 4: 0.6827 High Jan 27
*RES 3: 0.6774 High Feb 5 and key near-term resistance
*RES 2: 0.6753 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6750 High Feb 12
*PRICE: 0.6718 @ 16:38 GMT Feb 14
*SUP 1: 0.6660 Low Feb 10
*SUP 3: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high
*SUP 2: 0.6638 1.618 projection of Dec 31 - Jan 8 decline from Jan 16 high
*SUP 4: 0.6611 1.764 projection of Dec 31 - Jan 8 decline from Jan 16 high
The AUDUSD is firmer although gains stalled at Wednesday's high. The outlook is
bearish following last week's sell-off through the Feb 4 low of 0.6679 and more
importantly through support at 0.6671, Oct 2 low. This marked an extension of
the January decline and opens 0.6659 and 0.6638. On the upside, key resistance
is at the 0.6753/74 zone. A break of this area is required to signal a reversal.

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