AUDUSD TECHS: Key Short-Term Resistance Remains Intact For Now

• RES 4: 0.6771 High Jan 3                  
• RES 3: 0.6751 76.4% retracement of the Dec 28 - Apr 19 bear leg   
• RES 2: 0.6729 High Jan 12  
• RES 1: 0.6714 High Jun 16 and the bull trigger 
• PRICE: 0.6670 @ 16:28 BST Jun 28
• SUP 1: 0.6576 Low Jun 10 and a key support 
• SUP 2: 0.6558 Low May 8
• SUP 3: 0.6539 50.0% retracement of the Apr 19 - May 16 bull leg 
• SUP 4: 0.6497 61.8% retracement of the Apr 19 - May 16 bull leg 

AUDUSD continues to trade inside a range that highlights two important levels; a key resistance at 0.6714, the May 16 high, and a key support at 0.6576, the Jun 10 low. Both levels represent important  short-term directional triggers. Clearance of 0.6714, would open 0.6751, a Fibonacci retracement. A break through 0.6576 would expose 0.6558 initially, the May 8 low. Looking at MA studies, they are in a bull-mode set-up and highlight an uptrend.