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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.

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