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One Way Traffic *RES 3: 0.6930 High....>

AUSSIE TECHS
AUSSIE TECHS: One Way Traffic
*RES 3: 0.6930 High Oct 31 and key resistance
*RES 2: 0.6912 200-day MA
*RES 1: 0.6889 High Dec11
*PRICE: 0.6881 @ 20:37 GMT Dec 11
*SUP 1: 0.6800/6795 Low Dec 10 / 61.8% of the Nov 29 to Dec 3 rally
*SUP 2: 0.6754/52 Low Nov 29 / Low Oct 17
*SUP 3: 0.6732 76.4% retracement of the Oct 2 to Oct 31 rally
One way traffic in AUDUSD Wednesday, getting some support from the weaker
greenback to take out resistance at 0.6862/63. A bullish outlook is, therefore,
maintained following the rally on Dec 2. The candle pattern on this day is a
bullish engulfing and signals a reversal. The subsequent breach of resistance at
0.6835, Nov 19 high reinforces the pattern. The next hurdle for bulls is the
200-dma at 0.6912. A break would open early November highs and beyond. Support
is at 0.6800/6795.

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