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0.6967 trendline resistance exposed:...>

AUSSIE TECHS
AUSSIE TECHS: 0.6967 trendline resistance exposed:
*RES 4: 0.7070 High Apr 30
*RES 3: 0.7048 High May 7
*RES 2: 0.7023 High Jun 7
*RES 1: 0.6966/67 High Jun 11 and trendline resistance drawn off the Apr 17 high
*PRICE: 0.6955 @ 05:01 GMT June 24
*SUP 1: 0.6903 Low Jun 21
*SUP 2: 0.6878 Low Jun 20
*SUP 3: 0.6831 Low Jun 18
*SUP 4: 0.6744 Low Jan 3
AUDUSD holds onto last week's gains and extends these in Asia. Attention is on
whether the pair can clear the 0.6950/70 zone. Trendline resistance drawn off
the Apr 17 high, today intersects at 0.6967 with the Jun 11 high just below at
0.6966. A strong move through the 0.6950/70 would clear near-term resistance
barriers, signal a trend reversal and pave the way for gains. Momentum studies
are positive too and would strengthen on a break of 0.6972.

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