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Trendline Support Under Pressure.......>

AUSSIE TECHS
AUSSIE TECHS: Trendline Support Under Pressure
*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: 0.6835 @ 17:43 GMT Nov 13
*SUP 1: 0.6821 Intraday low
*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. This line was probed Wednesday with the Aussie managing a
low print of 0.6821. A clear break of this trendline would represent a
short-term bearish development and signal scope for a deeper pullback opening
0.6809/01 initially. A failure to follow through lower and a move above 0.6900
is needed to suggest a resumption of strength.

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