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Recovering *RES 4: 0.6930 High Oct.....>

AUSSIE TECHS: Recovering
*RES 4: 0.6930 High Oct 31 and key resistance
*RES 3: 0.6914 200-day MA
*RES 2: 0.6888 76.4% retracement of the Oct 31 - Nov 29 decline
*RES 1: 0.6862/63 High Dec 3 / 61.8% of Oct 31 - Nov 29 decline
*PRICE: 0.6833 @ 10:41 GMT Dec 11
*SUP 1: 0.6800/6795 Low Dec 10 / 61.8% of the Nov 29 to Dec 3 rally
*SUP 2: 0.6754/52 Low Nov 29 / Low Oct 17
*SUP 3: 0.6732 76.4% retracement of the Oct 2 to Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD has traded firmer this morning. A bullish outlook is maintained following
the rally on Dec 2. The candle pattern on this day is a bullish engulfing and
signals a reversal. The subsequent breach of resistance at 0.6835, Nov 19 high
reinforces the pattern. The next hurdle for bulls is the Dec 3 high of 0.6862
and 0.6863, a 61.% retracement level. A break would open 0.6900 and beyond.
Support is at 0.6800/6795.

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