Trading in a range: *RES 4:............>

AUSSIE TECHS: Trading in a range:

*RES 4: 0.6970/86 100-dma / Cloud top

*RES 3: 0.6911/27 Low Jul 10 / 61.8% of Jul-Aug fall

*RES 2: 0.6880 50% of Jul-Aug fall

*RES 1: 0.6822/32 High Aug 8 / Low Jun 18

*PRICE: 0.6793 @ 05:11 GMT Aug 16

*SUP 1: 0.6736/05 Low Aug 14 / Lower 1.0% 10-dma envelope

*SUP 2: 0.6677 YTD low and key support

*SUP 3: 0.6570 Lower 3.0% 10-dma envelope

*SUP 4: 0.6567/30 Low Mar 18 2009 / Lower Bollinger Band (3%)

AUDUSD is trading within its 0.6822 and 0.6736 range. These levels are viewed as

important directional triggers. A break of support at 0.6736 would reinforce a

bearish theme and expose the Aug 7 low of 0.6677 once again. On the upside,

bulls take comfort from the doji formed on Aug 7. Gains above 0.6822 though are

required to trigger bullish activity and open the 50% retracement level at

0.6880.