Approaches The Bull Trigger *RES 4:....>

AUSSIE TECHS: Approaches The Bull Trigger

*RES 4: 0.6695 High Feb 20

*RES 3: 0.6685 High Mar 9 and a key resistance

*RES 2: 0.6613 High Mar 10

*RES 1: 0.6570 High Apr 30 and bull trigger

*PRICE: 0.6549 @ 06:21 BST May 11

*SUP 1: 0.6476 High May 5

*SUP 2: 0.6373 Low May 5 and key near-term support

*SUP 3: 0.6337 Low Apr 24

*SUP 4: 0.6254 Low Apr 21 and bear trigger

AUDUSD maintains a positive note. The pair has recently managed to hold above a

support zone highlighted by the 20- and 50-day EMA levels and last week defined

a key S/T support at 0.6373, May 4 low. While 0.6373 holds, the uptrend remains

intact with attention on key resistance at 0.6570. A break would resume the

uptrend and open 0.6613 and 0.6684/85. Clearance of the EMA zone at 0.6404/6386

and of support at 0.6373 would concern bulls.