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Approaching 0.6972 trendline...........>

AUSSIE TECHS: Approaching 0.6972 trendline resistance:
*RES 4: 0.7048 High May 7
*RES 3: 0.7022 High Jun 7
*RES 2: 0.6972 Trendline resistance drawn off the Apr 17 high
*RES 1: 0.6966 High Jun 11
*PRICE: 0.6917 @ 08:42 GMT June 21
*SUP 1: 0.6878 Low Jun 20
*SUP 2: 0.6832 Low Jun 18
*SUP 3: 0.6744 Low Jan 3
*SUP 4: 0.6738 Bear channel base
AUDUSD is holding onto this week's gains. The focus is now on whether the pair
can clear the 0.6950/70 zone. Trendline resistance drawn off the Apr 17 high
today intersects at 0.6972 with the Jun 11 high just below at 0.6966. A strong
move through the trendline would clear near-term resistance barriers and pave
the way for gains. Momentum studies are positive and would strengthen on a break
of 0.6972. A failure and return lower would refocus attention on 0.6832.

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