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Path Of Least Resistance Remains.......>

AUSSIE TECHS
AUSSIE TECHS: Path Of Least Resistance Remains Down
*RES 4: 0.6774 High Feb 5 and key near-term resistance
*RES 3: 0.6750 High Feb 12
*RES 2: 0.6693 Trendline resistance drawn off the Jan 2 high
*RES 1: 0.6660 Low Feb 10 and former breakout point
*PRICE: 0.6599 @ 10:32 GMT Feb 25
*SUP 1: 0.6585 Low Feb 24
*SUP 2: 0.6570 Lower 3.0% Bollinger Band
*SUP 3: 0.6547 2.0% 10-dma envelope
*SUP 4: 0.6529 Low Mar 16 2009
AUD weakened further Monday, hitting a new multi-year low once again. A bearish
outlook remains intact. This theme is reinforced within the longer-term dma
space, where the 100-mma now sits below the 200-mma for the first time since
2008. This signals scope for continued weakness with the focus on the lower 3.0%
Bollinger Band at 0.6570 that, also may moderate any further decline. Initial
resistance is at 0.6660, the Feb 10 low.

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