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In Freefall Again *RES 4: 0.6667.......>

AUSSIE TECHS
AUSSIE TECHS: In Freefall Again
*RES 4: 0.6667 Trendline resistance drawn off the Jan 2 high
*RES 3: 0.6639 High Feb 21
*RES 2: 0.6607 High Feb 26
*RES 1: 0.6585 Intraday high
*PRICE: 0.6519 @ 10:47 GMT Feb 28
*SUP 1: 0.6500 Round number support
*SUP 2: 0.6459 1.236 projection of Jan 16 - Feb 4 decline from Feb 5 high
*SUP 3: 0.6422 1.382 projection of Jan 16 - Feb 4 decline from Feb 5 high
*SUP 4: 0.6391 1.50 projection of Jan 16 - Feb 4 decline from Feb 5 high
AUDUSD is under pressure once again and has traded to a fresh trend low of
0.6516 today. The outlook remains bearish and further weakness is anticipated as
bears tighten their grip on this trend. While it may appear far away for now,
the pace of the current slide warns of a move down to the next major support at
0.6009, the 2008 low and, we could see the Aussie trading close to this level
relatively soon. Initial resistance is at 0.6585.

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