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0.6950/70 Zone Key: *RES 4: 0.7069.....>

AUSSIE TECHS
AUSSIE TECHS: 0.6950/70 Zone Key:
*RES 4: 0.7069 High Apr 30
*RES 3: 0.7048 High May 7
*RES 2: 0.7023 High Jun 7
*RES 1: 0.6967 High Jun 11 and trendline resistance drawn off the Apr 17 high
*PRICE: 0.6952 @ 09:22 GMT June 24
*SUP 1: 0.6903 Low Jun 21
*SUP 2: 0.6879 Low Jun 20
*SUP 3: 0.6832 Low Jun 18
*SUP 4: 0.6744 Low Jan 3
AUDUSD has so far managed to consolidate last week's gains with focus on a break
and close of the 0.6950/70 zone. Trendline resistance drawn off the Apr 17 high,
today intersects at 0.6967 with the Jun 11 high. A strong move through 0.6950/70
would clear near-term resistance barriers, signalling a trend reversal and pave
the way for further gains. Momentum studies are positive too and would
strengthen on a break of 0.6972.

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