register nowRegister now
USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

AUSSIE TECHS
AUSSIE TECHS: $0.7640 Resistance Now Key
*RES 4: $0.7639 - Falling daily TL off 2018 high
*RES 3: $0.7618 - 55-DMA
*RES 2: $0.7606 - Bollinger band top
*RES 1: $0.7593 - High May 25
*PRICE: $0.7565 @ 2130GMT
*SUP 1: $0.7532 - 21-DMA 
*SUP 2: $0.7474 - Low May 30 
*SUP 3: $0.7457 - Bollinger band base 
*SUP 4: $0.7445 - Low May 15
*COMMENTARY: Bears failed to capitalise on the close below the 21-DMA with
Wednesday's rally and close above the 21-DMA returning focus to $0.7593-0.7640
where the 55-DMA and falling daily TL are noted. Bulls now need a close above
$0.7540 to confirm a break of the bear channel top, ending bearish hopes and
shifting focus to $0.7735-0.7842. Bears again look for a close below the 21-DMA
to gain breathing room and add weight to the case for a test of 2018 lows.