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Impulsive Sell-Off *RES 4: 0.6934......>

AUSSIE TECHS
AUSSIE TECHS: Impulsive Sell-Off
*RES 4: 0.6934 High Jan 16 and key near-term level
*RES 3: 0.6879 High Jan 23
*RES 2: 0.6837 Former trendline support
*RES 1: 0.6800 Low Dec 10 and former breakout level
*PRICE: 0.6747 @ 10:34 GMT Jan 28
*SUP 1: 0.6737 Intraday low
*SUP 2: 0.6724 Low Oct 16
*SUP 3: 0.6710 Low Oct 10
*SUP 4: 0.6671 Low Oct 2 and primary support
AUDUSD remains under pressure as the recent slide extends following last week's
break of trendline support. The move lower also confirms a resumption of
January's bearish theme. 0.6800, the Dec 10 low has been cleared and support at
0.6754, Nov 29 low has also been probed. A clear break would open 0.6724, Oct 16
low. On the upside, initial resistance is at 0.6800 ahead of 0.6837, the former
trendline support.

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