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Peso Loses Some Altitude

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Coronavirus Cases Drop To Two-Month Low

AUSSIE TECHS
AUSSIE TECHS: Sell-Off Extends
*RES 4: 0.7082 High Jul 19 and key resistance
*RES 3: 0.7032 High Dec 31 and bull trigger
*RES 2: 0.6995 High Jan 3
*RES 1: 0.6943 Intraday high
*PRICE: 0.6866 @ 17:27 GMT Jan 7
*SUP 1: 0.6859 Low Jan 7
*SUP 2: 0.6838 Low Dec 17 and key support
*SUP 3: 0.6807 Trendline support drawn off the Oct 2 low
*SUP 4: 0.6800 Low Dec 10
AUDUSD came under pressure again Tuesday. The pair traded through support at
0.6904, Dec 25 low to further undermine the recent bullish outlook. The breach
of this support opens key support at the 0.6838 Dec 17 low. Note, there is also
a volatility-based support seen at the 0.6848 level. If the current pullback is
a correction, the 0.6838-48 zone would need to hold to avoid a deeper sell-off.
0.6943 is the first resistance.