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Remains Vulnerable *RES 4: 0.7032......>

AUSSIE TECHS
AUSSIE TECHS: Remains Vulnerable
*RES 4: 0.7032 High Dec 31 and bull trigger
*RES 3: 0.6995 High Jan 3
*RES 2: 0.6943 High Jan 7
*RES 1: 0.6934 High Jan 16 and key near-term level
*PRICE: 0.6851 @ 16:43 GMT Jan 21
*SUP 1: 0.6844 Intraday low
*SUP 2: 0.6838 Low Dec 17 and a volatility based support
*SUP 3: 0.6827 Trendline support drawn off the Oct 2 low
*SUP 4: 0.6800 Low Dec 10
AUD/USD is likely to remain vulnerable at least until 0.6934 resistance is
cleared, Jan 16 high. A bearish outlook follows the sell-off that has dominated
since Dec 31. Scope is for a move towards 0.6838, the Dec 17 low. We still see a
volatility-based support around 0.6848. If the sell-off this month is a
correction, 0.6838-48 would need to remain intact to avoid a deeper sell-off.
Trendline support is at 0.6827 and this also represents a key level.

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