Bearish Risk Still Present *RES 4:.....>

AUSSIE TECHS: Bearish Risk Still Present

*RES 4: 0.7082 High Jul 19, 2019

*RES 3: 0.7063 High Jun 10 and the bull trigger

*RES 2: 0.7005 High Jun 11

*RES 1: 0.6977 High Jun 16 and key near-term resistance

*PRICE: 0.6858 @ 16:50 BST Jun 19

*SUP 1: 0.6777 Low Jun 15 and the bear trigger

*SUP 2: 0.6655/46 50-day EMA / Low Jun 1

*SUP 3: 0.6612 Low May 29

*SUP 4: 0.6568 Low May 27

AUDUSD is unchanged. Gains stalled last week at 0.7063, Jun 10 high. The trend

condition while bullish, recently entered overbought territory and a pullback is

allowing this condition to unwind. A key near-term support has been defined at

the Monday low of 0.6777. A break would expose 0.6680, May 27 high and 0.6655,

50-day EMA and allow for a deeper correction. Resistance is at 0.6977 ahead of

the key 0.7063 level.