Positive Outlook Intact *RES 4:........>

AUSSIE TECHS: Positive Outlook Intact

*RES 4: 0.6911 Low Jul 10

*RES 3: 0.6895 High Sep 12 and potential double bottom midpoint

*RES 2: 0.6883 High Oct 22

*RES 1: 0.6860 Intraday high

*PRICE: 0.6847 @ 09:58 GMT Oct 29

*SUP 1: 0.6809 Low Oct 25

*SUP 2: 0.6772/52 Trendline support drawn off Oct 2 low / Low Oct 17

*SUP 3: 0.6724 Low Oct 16

*SUP 4: 0.6710 Low Oct 10

AUDUSD is off the Asia highs but maintains a positive outlook. Recent gains are

encouraging for bulls with a firm S/T support defined at Friday's 0.6809 low. A

move below this level is needed to dent the recent bounce and expose the pair to

a deeper correction towards the trendline support drawn off the Oct 2 low, at

0.6772 today. For now, the focus is again on key resistance at 0.6895, Sep 12

high and the midpoint of a potential broad double bottom.