Needle Still Points South *RES 4:......>

AUSSIE TECHS: Needle Still Points South

*RES 4: 0.6613 High Mar 10

*RES 3: 0.6496 20-day EMA

*RES 2: 0.6492 High Mar 12

*RES 1: 0.6326 High Mar 13

*PRICE: 0.6083 @ 06:07 GMT Mar 17

*SUP 1: 0.6079 Low Mar 16

*SUP 2: 0.6053 2.382 projection of Jul - Oct 2019 decline from Dec 31 high

*SUP 3: 0.6005 2.250 projection of Jul - Oct 2019 decline from Dec 31 high

*SUP 4: 0.5956 2.618projection of Jul - Oct 2019 decline from Dec 31 high

Volatile price action early last week saw AUDUSD trade to a low of 0.6313 on Mar

9 before rebounding sharply. The move lower highlighted the continued existence

of a bearish threat and this was again confirmed Thursday and Friday as the pair

traded lower. The outlook remains bearish and the focus is on weakness towards

0.6053 next, a Fibonacci projection. On the upside, Friday's high of 0.6326

marks initial resistance.