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All Eyes On Key Resistance *RES 4:.....>

AUSSIE TECHS
AUSSIE TECHS: All Eyes On Key Resistance
*RES 4: 0.7119 1.618 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.7082 High Jul 19, 2019
*RES 2: 0.7032 High Dec 31, 2019 and key resistance
*RES 1: 0.7013 High Jun 5
*PRICE: 0.6995 @ 17:00 BST Jun 8
*SUP 1: 0.6857 Low Jun 3
*SUP 2: 0.6775 Low Jun 2
*SUP 3: 0.6684 20-day EMA
*SUP 4: 0.6646 Low Jun 1
AUDUSD is unchanged and maintains its bullish theme. With a bullish price
sequence of higher highs and higher lows intact, attention is on key resistance
at 0.7032, Dec 31 2019 high. A break of this level would once again confirm a
resumption of the bull trend and open 0.7082, Jul 19 2019 high. Momentum studies
remain positive but note that the indicator is in overbought territory. Firm
support is 0.6857, Jun 3 low.

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