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Approaches trendline support: *RES 4:........>

AUSSIE: Approaches trendline support:
*RES 4: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 3: 0.7103 High Apr 24
*RES 2: 0.7082/7090 High Jul 19 / 200-dma
*RES 1: 0.7036 High Jul 23
*PRICE: 0.6981 @ 05:01 GMT July 24
*SUP 1: 0.6960 Trendline support drawn off the Jun 18 low
*SUP 2: 0.6957/56/54 50-dma / Low Jul 11 and 50% of the Jun 18-Jul 19 rally
*SUP 3: 0.6927 61.8% retracement of the Jun 18-Jul 19 rally
*SUP 4: 0.6911 Low Jul 10
The AUDUSD correction extends below 0.7000. This weakens the near-term outlook,
however the underlying trend remains bullish following the recent strong rebound
off the Jul 10 low. . A trendline support drawn off the Jun 18 low that
intersects at 0.6960 today marks an important support. It also lies just above
the 50% retracement of the Jun 18-Jul 19 rally at 0.6957. A break would signal
scope for an even deeper pullback. Resistance for now is 0.7036.

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