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Still Correcting Lower *RES 4:.........>

AUSSIE TECHS
AUSSIE TECHS: Still Correcting Lower
*RES 4: 0.6964 200-DMA
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6895 High Sep 12 and key resistance
*RES 1: 0.6883 High Oct 22
*PRICE: 0.6827 @ 09:35 GMT Oct 25
*SUP 1: 0.6809 Intraday low
*SUP 2: 0.6761/52 Trendline support drawn off Oct 2 low / Low Oct 17
*SUP 3: 0.6724 Low Oct 16
*SUP 4: 0.6710 Low Oct 10
AUDUSD is attempting a push higher following today's earlier probe of the 0.6811
support. The outlook remains bullish with the focus on key resistance at 0.6895,
Sep 12 high. A break of 0.6895 would represent an important technical
development in that it would confirm a broad double bottom reversal pattern that
appears to be developing on the charts. On the downside, key trend support for
now is 0.6761, the trendline drawn off Oct 2 low.

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