Still Likely To Trade Heavy *RES 4:....>

AUSSIE TECHS: Still Likely To Trade Heavy

*RES 4: 0.6923 200-DMA

*RES 3: 0.6906 High Nov 8

*RES 2: 0.6835 High Nov 19 and key near-term resistance

*RES 1: 0.6803 High Nov 22 and 25

*PRICE: 0.6774 @ 06:13 GMT Dec 2

*SUP 1: 0.6754/52 Low Nov 29 / Low Oct 17

*SUP 2: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally

*SUP 3: 0.6724 Low Oct 16

*SUP 4: 0.6710 Low Oct 10

AUDUSD has been firmer overnight however the pair is likely to remain under

pressure near-term having recently breached former support at 0.6768, Nov 25

low. Furthermore, a recent breach of trendline support drawn off the Oct 2 low

continues to weigh on the pair. The focus is on 0.6732, 76.4% retracement of the

Oct 2 - Oct 31 rally and 0.6724, Oct 16 low. Resistance at 0.6835 needs to be

cleared to offset the current bearish threat.