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AUDUSD TECHS: Holding On To Its Recent Gains

AUDUSD TECHS
  • RES 4: 0.6871 High Dec 28 and a key resistance  
  • RES 3: 0.6839 High Jan 02                 
  • RES 2:  0.6771 High Jan 03
  • RES 1: 0.6761 High Jul 08
  • PRICE: 0.6748 @ 16:40 BST Jul 10
  • SUP 1: 0.6681 20-day EMA   
  • SUP 2: 0.6643 50-day EMA
  • SUP 3: 0.6576 Low Jun 10 and a key support
  • SUP 4: 0.6558 Low May 8

AUDUSD bullish conditions remain intact and the pair is holding on to its recent gains. Resistance at 0.6714, the May 16 high, has been cleared. The move higher highlights a range breakout and confirms a resumption of the bull leg that started Apr 19. A continuation higher would open 0.6771 next, the Jan 3 high. Key short-term support has been defined at 0.6576, the Jun 10 low. Initial firm support is at 0.6643, the 50-day EMA. 

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  • RES 4: 0.6871 High Dec 28 and a key resistance  
  • RES 3: 0.6839 High Jan 02                 
  • RES 2:  0.6771 High Jan 03
  • RES 1: 0.6761 High Jul 08
  • PRICE: 0.6748 @ 16:40 BST Jul 10
  • SUP 1: 0.6681 20-day EMA   
  • SUP 2: 0.6643 50-day EMA
  • SUP 3: 0.6576 Low Jun 10 and a key support
  • SUP 4: 0.6558 Low May 8

AUDUSD bullish conditions remain intact and the pair is holding on to its recent gains. Resistance at 0.6714, the May 16 high, has been cleared. The move higher highlights a range breakout and confirms a resumption of the bull leg that started Apr 19. A continuation higher would open 0.6771 next, the Jan 3 high. Key short-term support has been defined at 0.6576, the Jun 10 low. Initial firm support is at 0.6643, the 50-day EMA.