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Lacking direction for now: *RES 4:.....>

AUSSIE TECHS
AUSSIE TECHS: Lacking direction for now:
*RES 4: 0.6880 50% of Jul 19-Aug 7 sell-off
*RES 3: 0.6822 High Aug 8 and key resistance
*RES 2: 0.6799 High Aug 21
*RES 1: 0.6788 High Aug 26
*PRICE: 0.6723 @ 08:33 GMT Sep 2
*SUP 1: 0.6690 Low Aug 26
*SUP 2: 0.6677 YTD low and key support
*SUP 3: 0.6600 Round number support
*SUP 4: 0.6567 Low Mar 18 2009
AUDUSD remains softer having failed to follow through on the strong gains seen
last Monday. Activity since Aug 7 has defined directional parameters at 0.6677
and 0.6822. A break below 0.6677 would confirm a resumption of the downtrend,
opening 0.6600 initially. Directional indicators remain bearish so for now. For
bulls though, a break of 0.6822, the high of Aug 8, would instead signal a
potential trend reversal and open 0.6880 initially.

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