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Pullback Likely A Correction *RES 4:...>

AUSSIE TECHS
AUSSIE TECHS: Pullback Likely A Correction
*RES 4: 0.7009 High Jul 24
*RES 3: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 2: 0.6955 High Jul 26
*RES 1: 0.6939 High Dec 13
*PRICE: 0.6868 @ 17:11 GMT Dec 13
*SUP 1: 0.6822 Trendline support drawn off the Dec 2 low
*SUP 2: 0.6800 Low Dec 10
*SUP 3: 0.6754/52 Low Nov 29 / Low Oct 17 and key support
*SUP 4: 0.6724 Low Oct 16
AUDUSD extended the rally Friday but did find strong resistance at the high.
Last week's gains resulted in a test above the former key resistance of 0.6930,
Oct 31 high. Despite pulling back off Friday's high, bullish conditions remain
intact and the setback is being viewed as a correction. A recovery above last
weeks high of 0.6939 would confirm a resumption of strength and open 0.6985,
76.4% of Jul 19 - Oct 2 decline. 0.6822 is trendline support.

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