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AUSSIE TECHS
AUSSIE TECHS: All Eyes On Key Resistance
*RES 4: 0.7222 1.764 projection of the Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.7119 1.618 projection of the Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.7063 High Jun 10 and the bull trigger
*RES 1: 0.7038 High Jul 15
*PRICE: 0.7005 @ 17:02 BST Jul 16
*SUP 1: 0.6922/21 Low Jul 7 / Jul 14 low
*SUP 2: 0.6833 Low Jun 30 and key support
*SUP 3: 0.6805 Low Jun 22
*SUP 4: 0.6777 Low Jun 15 and the bear trigger
AUDUSD maintains a bullish outlook despite the pullback off the Wednesday high.
A bullish theme follows last week's move above 0.6977, Jun 16 high. The break
reinforced conditions for bulls paving the way for climb towards key resistance
at 0.7063, Jun 10 high. Clearance of this hurdle would also confirm a resumption
of the broader uptrend. Initial firm intraday support lies at 0.6922/21, Jul 7
low and Tuesday's intraday low.

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