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Off cycle Lows: *RES 4: 0.6911/27......>

AUSSIE TECHS
AUSSIE TECHS: Off cycle Lows:
*RES 4: 0.6911/27 Low Jul 10/61.8% of Jul-Aug fall
*RES 3: 0.6880 50% of Jul-Aug fall
*RES 2: 0.6821/55 200-hma/Low Jun 19
*RES 1: 0.6801 High Aug 06
*PRICE: 0.6781 @ 08:49 GMT Aug 08
*SUP 1: 0.6746 Intraday low
*SUP 2: 0.6677 YTD low
*SUP 3: 0.6613 Lower 3.0% 10-dma envelope
*SUP 4: 0.6579 Lower Bollinger Band (3%)
AUDUSD extends the recovery off recent cycle lows with gains extending towards
the 0.68 level. Bulls need a close above here to reignite upside momentum and
challenge the 50% retracement of the Jul-Aug fall at 0.6880. Despite this, the
longer-term bearish trend remains intact, putting immediate focus on yesterday's
multi-year low at 0.6677.

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