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20-day EMA the level to beat: *RES.....>

AUSSIE TECHS: 20-day EMA the level to beat:
*RES 3: 0.6988 50-DMA
*RES 2: 0.6966 High Jun 11
*RES 1: 0.6924 20-day EMA
*PRICE: 0.6917 @ 08:44 GMT June 20
*SUP 1: 0.6832 Low Jun 18
*SUP 2: 0.6800 Round number support
*SUP 3: 0.6744 Low Jan 3
AUDUSD bulls need a close north of 0.6900 Thursday to gain firmer footing and
point near-term momentum higher. Resistance ahead of 0.6924 is holding for now,
but a break here would turn focus higher. Across the medium-term, the bearish
case remains the stronger argument following this week's breach of the May lows.
Further Aussie downside is favoured and the focus is on Tuesday's low of 0.6832.
A break would confirm a resumption of the bearish trend and expose this year's
low of 0.6745 which is now also within reach.

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