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AUDUSD squeezed to $0.7082 yesterday, its....>

AUSSIE
AUSSIE: AUDUSD squeezed to $0.7082 yesterday, its highest level in nearly three
months. More importantly the close above $0.7048 confirmed the bullish trend
which indicates a resumption of the uptrend. The 200-dma & Apr 24 high provide
the next area of resistance at $0.7091/0.7103, ahead of the 76.4% retracement of
the Apr-Jun fall at $0.7118.
- AUDCAD breached the previously hard to overcome C$0.9200/10 area yesterday,
charting a bullish engulfing candle. Gains extended to C$0.9227 before fading.
Next resistance is seen at C$0.9235 from the Jun 17 high & 50~% retracement of
the May-Jul fall.
- AUDCHF currently challenges the Chf0.6945/55 area which has registered a
number of hourly highs/lows through May-Jul. Confirmation above brings the May
30 high and psychosocial $0.70 level back into view.
- EURAUD closed below the 200-dma for the first time in nearly three months, it
also charted a bearish engulfing candle. The downtrend extends to A$1.5963 with
near-term support at A$1.5946 from the May 8 low.

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