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Wednesday's Pullback Still Weighs......>

AUSSIE TECHS
AUSSIE TECHS: Wednesday's Pullback Still Weighs
*RES 4: 0.6614 100-dma
*RES 3: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.6492 High Mar 12
*RES 1: 0.6445 High Apr 14
*PRICE: 0.6364 @ 06:15 BST Apr 17
*SUP 1: 0.6264 Low Apr 16
*SUP 2: 0.6214 Mar 31 high and former breakout level
*SUP 3: 0.6116 Low Apr 8
*SUP 4: 0.6076 Low Apr 7
Wednesday's sharp sell-off in AUDUSD has defined a key short-term resistance at
0.6445, the Tuesday high. The move lower Wednesday, a bearish engulfing candle,
displayed an impulsive character and potentially signals a reversal of the
recent rally since Mar 19. The next key support is 0.6214, Mar 31 high and the
recent bull trigger. A break would open 0.6116, Apr 8 low. The Aussie needs to
trade above 0.6445 to reinstate a bullish theme.

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