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Pullback Still Weighs *RES 4: 0.6614...>

AUSSIE TECHS
AUSSIE TECHS: Pullback Still Weighs
*RES 4: 0.6614 100-dma
*RES 3: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.6492 High Mar 12
*RES 1: 0.6445 High Apr 14
*PRICE: 0.6282 @ 06:20 BST Apr 16
*SUP 1: 0.6264 Intraday low
*SUP 2: 0.6214 Mar 31 high and former breakout level
*SUP 3: 0.6076 Low Apr 7
*SUP 4: 0.5980 Low Apr 3 and key near-term support
AUDUSD is under pressure. Wednesday's sharp sell-off has defined a key S/T
resistance at 0.6445, the Tuesday high. The move lower yesterday displayed an
impulsive character and potentially signals a reversal of the recent rally since
Mar 19. The next key support is 0.6214, Mar 31 high and the recent bull trigger.
A break would open 0.6116, Apr 8 low. The Aussie needs to trade above 0.6445 to
reinstate a bullish theme.

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