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AUSSIE TECHS
AUSSIE TECHS: In Trouble
*RES 4: 0.6827 High Jan 27
*RES 3: 0.6774 High Feb 5 and key near-term resistance
*RES 2: 0.6750 High Feb 12
*RES 1: 0.6736 Trendline resistance drawn off the Jan 2 high
*PRICE: 0.6594 @ 10:01 GMT Feb 21
*SUP 1: 0.6586 Low Feb 20 / 21
*SUP 2: 0.6576 Lower 3.0% Bollinger Band
*SUP 3: 0.6553 2.0% 10-dma envelope
*SUP 4: 0.6529 Low Mar 16 2009
AUD weakened further Friday, hitting new multi-year lows in the process.
Pressure has also begun to emerge from the longer-term dma space, in which the
100-mma now sits below the 200-mma for the first time since 2008. This has the
2020 downtrend in full swing and further weakness looks likely after the 0.6611
support gave way. The Lower 3.0% Bollinger Band may moderate any further decline
at 0.6576.

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