0.6972 trendline resistance the........>

AUSSIE TECHS: 0.6972 trendline resistance the target:

*RES 4: 0.7048 High May 7

*RES 3: 0.7022 High Jun 7

*RES 2: 0.6972 Trendline resistance drawn off the Apr 17 high

*RES 1: 0.6966 High Jun 11

*PRICE: 0.6924 @ 16:13 GMT June 21

*SUP 1: 0.6878 Low Jun 20

*SUP 2: 0.6832 Low Jun 18

*SUP 3: 0.6744 Low Jan 3

*SUP 4: 0.6738 Bear channel base

AUDUSD is holding the week's gains well. The focus is now on whether the pair

can clear the 0.6950/70 zone. Trendline resistance drawn off the Apr 17 high

today intersects at 0.6972 with the Jun 11 high just below at 0.6966. A strong

move through the trendline would clear near-term resistance barriers and pave

the way for gains. Momentum studies are positive and would strengthen on a break

of 0.6972. A failure and return lower would refocus attention on 0.6832.