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Futures Hit Contract High


Equities Dip Lends Support


MPC Meeting Minutes Released


Australia Q1 Wage Price Index Up 0.6% Q/Q

AUSSIE TECHS: Watching Key Bull Trigger At 0.6895
*RES 4: 0.6967 200-DMA
*RES 3: 0.6911 Low Jul 10
*RES 2: 0.6895 High Sep 12 and key resistance
*RES 1: 0.6883 High Oct 22
*PRICE: 0.6843 @ 09:35 GMT Oct 23
*SUP 1: 0.6811 High Oct 11 and recent breakout point
*SUP 2: 0.6752 Low Oct 17
*SUP 3: 0.6751 Trendline support drawn off Oct 2 low
*SUP 4: 0.6724 Low Oct 16 and near-term trend support
AUDUSD continues to give back some of it recent gains. Bulls however remain in
charge with the focus on key resistance at 0.6895, Sep 12 high. A break of
0.6895 would represent a significant technical development and confirm a broad
double bottom reversal pattern that appears to be developing on the daily chart.
On the downside, initial support is seen at 0.6811, Oct 11 high. Key trend
support for now is at 0.6751, the trendline drawn off Oct 2 low.