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

AUSSIE TECHS: Watching Trendline Support

*RES 4: 0.6985 76.4% retracement of Jul 19 - Oct 2 decline

*RES 3: 0.6955 High Jul 26

*RES 2: 0.6939 High Dec 13 and key resistance

*RES 1: 0.6898 High Dec 16

*PRICE: 0.6854 @ 10:41 GMT Dec 18

*SUP 1: 0.6840/38 Trendline support drawn off the Dec 2 low / Low Dec 17

*SUP 2: 0.6800 Low Dec 10

*SUP 3: 0.6754/52 Low Nov 29 / Low Oct 17 and key support

*SUP 4: 0.6724 Low Oct 16

AUDUSD remains weaker following the recent rejection off 0.6939, Dec 13 high.

Last week's gains resulted in a test above the key resistance of 0.6930, Oct 31

high, a bullish development. Despite the recent pullback, bullish conditions

remain intact and the setback is most likely a correction. Key support is at a

trendline drawn off the Dec 2 low that intersects at 0.6840. A break would risk

a deeper pullback. The focus for now is on the potential for a 0.6939 retest.