Rally Extends *RES 4: 0.7082 High......>

AUSSIE TECHS: Rally Extends

*RES 4: 0.7082 High Jul 19 and key resistance

*RES 3: 0.7036 High Jul 23

*RES 2: 0.7009 High Jul 24

*RES 1: 0.7005 Intraday high

*PRICE: 0.7000 @ 18:08 GMT Dec 30

*SUP 1: 0.6941 Low Dec 27

*SUP 2: 0.6904 Low Dec 25

*SUP 3: 0.6883 Low Dec 20

*SUP 4: 0.6838 Low Dec 17 and key support

AUDUSD is bullish and likely to extend further the current upward cycle. The

pair last week cleared key resistance at 0.6939, Dec 13 high. This confirms a

resumption of the current uptrend and also reinforces what appears to be a

broader base that has been developing since August. The 0.7000 level has been

breached and this opens 0.7036 and 0.7082 next, Jul 23 and Jul 19 highs

respectively. Initial support lies at 0.6941, the Dec 27 low.