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Setback For Bulls: *RES 4: 0.6895......>

AUSSIE TECHS: Setback For Bulls:
*RES 4: 0.6895 High Sep 12 and key resistance
*RES 3: 0.6870 High Sep 17
*RES 2: 0.6831 High Sep 19
*RES 1: 0.6811 High Oct 11
*PRICE: 0.6737 @ 05:11 GMT Oct 16
*SUP 1: 0.6726 Intraday low
*SUP 2: 0.6710 Low Oct
*SUP 3: 0.6671 Low Oct 2 and key support
*SUP 4: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
AUDUSD retreated again Tuesday, putting bulls on the backfoot somewhat. For any
further gains to materialise, resistance at 0.6811 needs to give way. An ability
to extend recent gains would set the scene for a climb towards 0.6895 next, Sep
12 high. On the downside, a clear short-term support has been defined at 0.6710,
Oct 10 low. A break would alter the picture exposing the key support at 0.6671.

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