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

AUSSIE TECHS: Trendline Support Holds

*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: 0.6889 High Jan 20

*PRICE: 0.6870 @ 10:41 GMT Jan 23

*SUP 1: 0.6831/27 Trendline support drawn off the Oct 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 is firmer so far today. The recovery is positive, as it follows a test of

key trendline support yesterday at 0.6829. The trendline is drawn off the Oct 2

low and intersects at 0.6831 today. A clear break of the trendline would

reinforce recent bearish conditions and pave the way for a move towards 0.6800,

Dec 10 low and potentially the Nov 29 low of 0.6754. For now, the recovery is

promising as long as support at 0.6827 can also remain intact.