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Recovering *RES 4: 0.6911 Low Jul 10...>

AUSSIE TECHS
AUSSIE TECHS: Recovering
*RES 4: 0.6911 Low Jul 10
*RES 3: 0.6895 High Sep 12 and potential double bottom midpoint
*RES 2: 0.6883 High Oct 22
*RES 1: 0.6858 High Oct 24
*PRICE: 0.6855 @ 05:53 GMT Oct 29
*SUP 1: 0.6809 Low Oct 25
*SUP 2: 0.6772/52 Trendline support drawn off Oct 2 low / Low Oct 17
*SUP 3: 0.6724 Low Oct 16
*SUP 4: 0.6710 Low Oct 10
AUDUSD extends yesterday's recovery with the pair climbing overnight in Asia.
This is encouraging for bulls with a firm S/T support defined at Friday's 0.6809
low. A move below this level is needed to dent this current bounce and expose
the pair to a deeper correction towards the trendline support drawn off the Oct
2 low, at 0.6772 today. For now, the focus is again on key resistance at 0.6895,
Sep 12 high and the midpoint of a potential broad double bottom.

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