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Trendline Support Cleared *RES 4:......>

AUSSIE TECHS: Trendline Support Cleared
*RES 4: 0.6943 200-DMA
*RES 3: 0.6930 High Oct 31 and bull trigger
*RES 2: 0.6906 High Nov 8
*RES 1: 0.6841 Intraday high
*PRICE: 0.6802 @ 06:05 GMT Nov 14
*SUP 1: 0.6796 Intraday low
*SUP 1: 0.6770 61.8% retracement of Oct 2 - Oct 31 rally
*SUP 3: 0.6752 Low Oct 17
*SUP 4: 0.6724 Low Oct 16
AUDUSD has started Thursday's session on a soft note trading sharply lower
overnight. The key technical development has been the breach of trendline
support at 0.6830, drawn off the Oct 2 low. The clear break of this trendline
represents a short-term bearish development and signals scope for a deeper
pullback potentially towards 0.6770 next, the 61.8% retracement of the rally
between Oct 2 and Oct 31. Initial resistance is today's intraday high of 0.6841.

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