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

AUSSIE TECHS: Approaching The Bull Trigger

*RES 4: 0.6685 High Mar 9 and a key resistance

*RES 3: 0.6613 High Mar 10

*RES 2: 0.6570 High Apr 30 and bull trigger

*RES 1: 0.6548 Intraday high

*PRICE: 0.6531 @ 06:16 BST May 8

*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 held gains well into the Thursday close and has started the Friday

session on a positive note. The pair has managed to find support at 0.6390/80

zone 20- and 50-day EMA levels respectively. This week's low has been 0.6373.

While this low 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's and 0.6373 would concern bulls.