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Trendline Break Exposes Further........>

AUSSIE TECHS
AUSSIE TECHS: Trendline Break Exposes Further Downside
*RES 4: 0.6934 High Jan 16 and key near-term level
*RES 3: 0.6879 High Jan 23
*RES 2: 0.6837 Former trendline support
*RES 1: 0.6800 Low Dec 10 and former breakout level
*PRICE: 0.6762 @ 06:05 GMT Jan 28
*SUP 1: 0.6747 Intraday low
*SUP 2: 0.6724 Low Oct 16
*SUP 3: 0.6710 Low Oct 10
*SUP 4: o.6702 Low Oct 3
It was one way traffic in the pair yesterday, with AUDUSD selling off sharply
and extending last week's break of trendline support. The move lower also
confirms a resumption of January's bearish theme. 0.6800, the Dec 10 low has
been cleared and support at 0.6754 next, Nov 29 low has also been probed. A
clear break would open 0.6724, Oct 16 low. On the upside, initial resistance is
at 0.6800 ahead of 0.6837, the former trendline support.

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