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AUSSIE TECHS: Still Vulnerable Following Trendline Break
*RES 4: 0.6939 200-DMA
*RES 3: 0.6930 High Oct 31 and bull trigger
*RES 2: 0.6906 High Nov 8
*RES 1: 0.6841/46 High Nov 14 / Former trendline support
*PRICE: 0.6820 @ 16:59 GMT Nov 18
*SUP 1: 0.6770 61.8% of Oct 2 - Oct 31 rally / Intraday low
*SUP 1: 0.6752 Low Oct 17
*SUP 3: 0.6732 76.4% retracement of Oct 2 - Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD suffered a bearish session last Thursday as strong selling pressure
followed the break of trendline support at 0.6830, drawn off the Oct 2 low. The
clear break of this trendline represents a short-term bearish development and
signals scope for a deeper pullback. 0.6770 has been achieved, this is the 61.8%
retracement of the rally between Oct 2 and Oct 31. The 76.4% level is at 0.6732.
Resistance is Thursday's high of 0.6841.