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Trendline Support Holds For Now *RES...>

AUSSIE TECHS
AUSSIE TECHS: Trendline Support Holds For Now
*RES 4: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline
*RES 3: 0.6943 200-DMA
*RES 2: 0.6930 High Oct 31 and bull trigger
*RES 1: 0.6906 High Nov 8
*PRICE: 0.6845 @ 06:01 GMT Nov 13
*SUP 1: 0.6830/09 Trendline support drawn off Oct 2 low / Low Oct 25
*SUP 1: 0.6801 50% retracement of Oct 2 - Oct 31 rally
*SUP 3: 0.6752 Low Oct 17
*SUP 4: 0.6724 Low Oct 16
The AUDUSD focus remains on the trendline support drawn off Oct 2 low that
intersects at 0.6830. While this line holds, recent pullbacks are viewed as a
correction with bullish conditions still dominating the broader picture. The
focus remains on the recent key technical development, the breach on Oct 30 of
0.6895, Sep 12 high that confirmed a broad double bottom reversal. A recovery
would refocus attention on 0.6930. A break of the trendline would be bearish.

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