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Strong Rally *RES 4: 0.6939 50%........>

AUSSIE TECHS
AUSSIE TECHS: Strong Rally
*RES 4: 0.6939 50% retracement of Apr 17 - Oct 2 decline
*RES 3: 0.6930 High Oct 31 and key resistance
*RES 2: 0.6912 200-day MA
*RES 1: 0.6889 High Dec 11 and intraday high
*PRICE: 0.6880 @ 06:13 GMT Dec 12
*SUP 1: 0.6800 Low Dec 10
*SUP 2: 0.6754/52 Low Nov 29 / Low Oct 17
*SUP 3: 0.6732 76.4% retracement of the Oct 2 to Oct 31 rally
*SUP 4: 0.6724 Low Oct 16
AUDUSD was firm Wednesday. The pair has cleared resistance at 0.6862/63
reinforcing a bullish outlook that began on Dec 2. The rally on this day
confirmed a strong reversal candle pattern, a bullish engulfing. The subsequent
breach of resistance at 0.6835, Nov 19 high reinforced the pattern. Attention is
on the next hurdle for bulls at the 200-dma at 0.6912. A break would open
0.6930, Oct 31 high and beyond. Support is at 0.6800.

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