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Consolidation Mode But Remains Bearish


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AUSSIE TECHS: Key Support Gives Way:
*RES 4: 0.6870 High Sep 17
*RES 3: 0.6831 High Sep 19
*RES 2: 0.6806/09 High Sep 24 / High Sep 20
*RES 1: 0.6781 Sep 26 high
*PRICE: 0.6701 @ 16:35 GMT Oct 1
*SUP 1: 0.6672 Intraday Low
*SUP 2: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
*SUP 3: 0.6632 2.0% 10-dma envelope
*SUP 4: 0.6567 Low Mar 18 2009
AUDUSD continues to push lower, cracking to fresh multi-year lows as the outlook
moves to outright bearish. The break below former support at 0.6739, Sep 25 low
confirms a resumption of weakness and attention turns to levels not seen since
2009. Bearish pressure looks set to persist, resistance is at 0.6806, Sep 24
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