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Bull trend confirmed: *RES 4: 0.7140...>

AUSSIE TECHS: Bull trend confirmed:
*RES 4: 0.7140 High Apr 23
*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 2: 0.7103 High Apr 24
*RES 1: 0.7091 200-dma
*PRICE: 0.7065 @ 04:59 GMT July 19
*SUP 1: 0.6996/92 Low Jul 17 / 200-hma
*SUP 2: 0.6954/52 Low Jul 11 / 50-dma
*SUP 3: 0.6911 Low Jul 10
*SUP 4: 0.6879 Low Jun 20
AUDUSD remains bullish following last week's strong rebound off the Jul 10 low
and subsequent extension. The recovery is significant in that it marked a
bullish reaction off the former channel top drawn off the Apr 17 high, and the
61.8% retracement of the rally between Jun 18-Jul 4. Yesterday's rally cleared
resistance at 0.7048, the high of Jul 4 adding further weight to the bullish
outlook. The focus is on 0.7103 next. Support lies at 0.6996.

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