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AUSSIE TECHS: Still Bearish Despite Bounce:
*RES 4: 0.6831 High Sep 19
*RES 3: 0.6806/09 High Sep 24 / High Sep 20
*RES 2: 0.6781 Sep 26 high
*RES 1: 0.6776 Weekly high
*PRICE: 0.6748 @ 16:00 GMT Oct 3
*SUP 1: 0.6671 Low Oct 2
*SUP 2: 0.6645 0.618 projection of Jul 19 - Aug 7 decline from Sep 12 high
*SUP 3: 0.6616 2.0% 10-dma envelope
*SUP 4: 0.6567 Low Mar 18 2009
Thursday's minor bounce was insufficient to change the over-riding technical
outlook, which remains bearish. To reinforce this theme, the pair needs to mark
a clear break of 0.6672 that in turn would resume the current downleg and
importantly also confirm a clear breach of the former support around 0.6677/90
which the Aussie traded through earlier in the week. This would open 0.6645/32.
Initial resistance is now located at 0.6781.