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Pullback Likely A Correction *RES 3:...>

AUSSIE TECHS
AUSSIE TECHS: Pullback Likely A Correction
*RES 3: 0.7082 High Jul 19 and key resistance
*RES 2: 0.7032 High Dec 31 and bull trigger
*RES 1: 0.6995 High Jan 3
*PRICE: 0.6932 @ 16:33 GMT Jan 6
*SUP 1: 0.6925 Low Jan 6
*SUP 2: 0.6904 Low Dec 25
*SUP 3: 0.6883 Low Dec 20
AUDUSD downside pressure has eased slightly, but remains present. The recent
move lower is likely a correction with the broader outlook remaining bullish.
Strong gains over December reinforced the bullish theme. The rally last December
cleared the former key resistance at 0.6939, Dec 13 high to confirm a resumption
of the uptrend and also reinforce what appears to be a broader base since
August. Potential is seen for a climb towards 0.7082. Support below 0.6925 is at
0.6904.

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