Trendline Resistance Is Key *RES 4:....>

AUSSIE TECHS: Trendline Resistance Is Key

*RES 4: 0.6827 High Jan 27

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

*RES 2: 0.6762 Trendline resistance drawn off the Jan 2 high

*RES 1: 0.6750 High Feb 12

*PRICE: 0.6728 @ 17:14 GMT Feb 13

*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 rebound extended Wednesday although gains have stalled at the week's

high. The outlook remains bearish following last week's sell-off through the Feb

4 low of 0.6679 and more importantly through support at 0.6671, Oct 2 low. This

marked an extension of the January decline and opens 0.6659 and 0.6638. On the

upside, key resistance is at the 0.6762/74 zone. A break of this area is

required to signal a reversal.