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Lacking upside impetus:: *RES 4:.......>

AUSSIE TECHS
AUSSIE TECHS: Lacking upside impetus::
*RES 4: 0.6944 55-dma
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6855 Low Jun 19
*RES 1: 0.6792 Intraday high
*PRICE: 0.6781 @ 04:01 GMT Aug 06
*SUP 1: 0.6741/39 YTD low/Lower Boll Band (2%)
*SUP 2: 0.6724/22 Low Mar 19, 2009/Lower 2.0% 10-dma env
*SUP 3: 0.6700 Round number support
*SUP 4: 0.6640 Lower Bollinger Band (3%)
AUDUSD recoveries have so far remained shallow, keeping the broader downtrend
intact, with the rate registering 11 losses in 12 sessions, putting the focus
back on the ytd/flash crash low at 0.6741, ahead of round number support at
0.6700. Bulls need to recover the Jul 31 high, before challenging the 100-dma &
0.70 level.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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