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

AUSSIE TECHS
AUSSIE TECHS: Trendline Support Cracks
*RES 4: 0.6995 High Jan 3
*RES 3: 0.6943 High Jan 7
*RES 2: 0.6934 High Jan 16 and key near-term level
*RES 1: 0.6879 High Jan 23
*PRICE: 0.6824 @ 16:27 GMT Jan 24
*SUP 1: 0.6819 Low Jan 24
*SUP 2: 0.6803 1.0% 10-dma lower envelope
*SUP 3: 0.6800 Low Dec 10
*SUP 4: 0.6754 Low Nov 29
AUDUSD completely reversed the Thursday gains managing to finish the session
near its open. Key trendline support at 0.6833 then gave way Friday, prompting
the pair to hit fresh 2020 lows. This confirms a resumption of January's bearish
theme and highlights a more significant reversal. This opens 0.6800, Dec 10 low
and potentially the Nov 29 low of 0.6754. A move above 0.6879 is needed to ease
the bearish threat.

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