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Shallow recovery: *RES 4: 0.6946.......>

AUSSIE TECHS
AUSSIE TECHS: Shallow recovery:
*RES 4: 0.6946 55-dma
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6855 Low Jun 19
*RES 1: 0.6805 Intraday high
*PRICE: 0.6779 @ 15:39 GMT Aug 05
*SUP 1: 0.6748/44 Intraday low/Lower 2.0% 10-dma env
*SUP 2: 0.6741 YTD low
*SUP 3: 0.6724 Low Mar 19, 2009
*SUP 4: 0.6700 Round number support
AUDUSD recoveries have so far remained shallow and keeps the broader downtrend
intact. The pair looks set to register is eleventh loss out of the last twelve,
putting the focus back on the ytd/flash crash low at 0.6741, ahead of round
number support at 0.6700. Bulls need to recover the Jul 31 high, before
challenging the 100-dma & 0.70 level.

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