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Approaching Key Resistance *RES 4:.....>

AUSSIE TECHS
AUSSIE TECHS: Approaching 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: 0.6983 High Jun 03
*PRICE: 0.6885 @ 10:47 BST Jun 4
*SUP 1: 0.6857 Low Jun 3
*SUP 2: 0.6775 Low Jun 2
*SUP 3: 0.6646 Low Jun 1
*SUP 4: 0.6624 20-day EMA
AUDUSD maintains its bullish theme despite today's pullback. With a bullish
price sequence of higher highs and higher lows intact, attention turns to 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. Support is at Tuesday's low of 0.6775.

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