Range established: *RES 4: 0.6973/86...>

AUSSIE TECHS: Range established:

*RES 4: 0.6973/86 100-dma / Cloud top

*RES 3: 0.6911/27 Low Jul 10 / 61.8% of Jul-Aug fall

*RES 2: 0.6880 50% of Jul-Aug fall

*RES 1: 0.6822/32 High Aug 8 / Low Jun 18

*PRICE: 0.6782 @ 04:55 GMT Aug 15

*SUP 1: 0.6736/09 Low Aug 14 / Lower 1.0% 10-dma envelope

*SUP 2: 0.6677 YTD low and key support

*SUP 3: 0.6571 Lower 3.0% 10-dma envelope

*SUP 4: 0.6567/30 Low Mar 18 2009 / Lower Bollinger Band (3%)

AUDUSD has established a range between 0.6822 and 0.6736. These levels are

viewed as important directional triggers. With the risk-averse theme potentially

weighing on the pair, a break of support at 0.6736 would reinforce a bearish

theme and expose the Aug 7 low of 0.6677. On the upside, bulls take comfort from

the doji formed on Aug 7. Gains above 0.6822 though are required to trigger

bullish activity and open the 50% retracement level at 0.6880.