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Trendline Resistance Breached *RES.....>

AUSSIE TECHS
AUSSIE TECHS: Trendline Resistance Breached
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6719 50-day EMA
*RES 2: 0.6695 High Feb 20
*RES 1: 0.6662 38.2% Jan - Feb decline
*PRICE: 0.6634 @ 17:01 GMT Mar 6
*SUP 1: 0.6577 Low Mar 4
*SUP 2: 0.6510 Low Mar 3
*SUP 3: 0.6434 Low Feb 28 and bear trigger
*SUP 4: 0.6422 1.382 projection of Jan 16 - Feb 4 decline from Feb 5 high
AUDUSD remains above last Friday's lows and has today breached an important
hurdle signalling the formation of a base at the recent 0.6434 low, Feb 28. The
hurdle is a t-line resistance drawn off the Jan 2 high that intersects at
0.6624. The break improves the outlook for the Aussie and opens 0.6695. On the
downside, initial support lies at 0.6577, the Mar 4 low. A break is required to
undermine today's bullish development.

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