Testing the Bottom End of Recent.......>

AUSSIE TECHS: Testing the Bottom End of Recent Range

*RES 4: 0.6933 200-DMA

*RES 3: 0.6930 High Oct 31 and bull trigger

*RES 2: 0.6906 High Nov 8

*RES 1: 0.6841/67 High Nov 14 / Former trendline support

*PRICE: 0.6784 @ 16:16 GMT Nov 22

*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

Near-term downside risk in AUDUSD remains following the recent break of

trendline support, drawn off the Oct 2 low. The breach represents a S/T bearish

development with momentum studies pointing south. Furthermore, recent price

action is also taking on the appearance of a bear flag formation. 0.6770 has

been achieved, 61.8% of Oct 2 - Oct 31 rally. The 76.4% level is at 0.6732.

Resistance at 0.6841 needs to be cleared to offset the bearish threat.