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

AUSSIE TECHS
AUSSIE TECHS: Trendline Support Exposed
*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: 0.6842 @ 10:40 GMT Jan 24
*SUP 1: 0.6833/ 27 T-line support drawn off theOct 2 low / Low Jan 22
*SUP 2: 0.6820 76.4% retracement of the Nov 29 - Dec 31 rally
*SUP 3: 0.6800 Low Dec 10
*SUP 4: 0.6754 Low Nov 29
AUDUSD completely reversed yesterday's gains managing to finish the session near
its open. Key trendline support at 0.6833 today, drawn off the Oct 2 low remains
intact for now however it appears exposed. A clear break would confirm a
resumption of January's bearish theme and also highlight a more significant
reversal. This would open 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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