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Range-bound: *RES 4: 0.6880 50% of.....>

AUSSIE TECHS
AUSSIE TECHS: Range-bound:
*RES 4: 0.6880 50% of Jul 19-Aug 7 sell-off
*RES 3: 0.6822 High Aug 8 and key resistance
*RES 2: 0.6799 High Aug 21
*RES 1: 0.6788 High Aug 26
*PRICE: 0.6727 @ 03:40 GMT Aug 29
*SUP 1: 0.6690 Low Aug 26
*SUP 2: 0.6677 YTD low and key support
*SUP 3: 0.6600 Round number support
*SUP 4: 0.6567 Low Mar 18 2009
AUDUSD posted a solid bullish range Monday, staging a near 1.5% rally from the
day's lows, but has since given up some of those gains. Activity since Aug 7 has
clearly defined directional parameters at 0.6677 and 0.6822. A break below
0.6677 would confirm a resumption of the downtrend, opening 0.6600 initially.
For bulls, a break of 0.6822, the high of Aug 8, would signal a trend reversal
and open 0.6880 initially. For now, AUDUSD appears comfortable in its range.

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