Trendline Resistance Intact *RES 4:....>

AUSSIE TECHS: Trendline Resistance Intact

*RES 4: 0.6827 High Jan 27

*RES 3: 0.6774 High Feb 5 and key near-term resistance

*RES 2: 0.6750 High Feb 12

*RES 1: 0.6736 Trendline resistance drawn off the Jan 2 high

*PRICE: 0.6724 @ 05:05 GMT Feb 17

*SUP 1: 0.6660 Low Feb 10

*SUP 3: 0.6659 1.50 projection of Dec 31 - Jan 8 decline from Jan 16 high

*SUP 2: 0.6638 1.618 projection of Dec 31 - Jan 8 decline from Jan 16 high

*SUP 4: 0.6611 1.764 projection of Dec 31 - Jan 8 decline from Jan 16 high

The AUDUSD was firmer last week although gains stalled at Wednesday's high. The

outlook remains bearish following this year's decline with price maintaining a

bearish sequence of lower lows and lower highs. While the downtrend remains

intact, scope is seen for a move towards 0.6659 and if breached, 0.6638, both

Fibonacci projections. On the upside, key resistance is at the 0.6736/74 zone. A

break of this area is required to signal a reversal.