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AUSSIE TECHS
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: 0.6539 @ 16:45 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 maintained a positive note
Friday. 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.

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