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Bull Trend Pauses for Now *RES 3:......>

AUSSIE TECHS
AUSSIE TECHS: Bull Trend Pauses for Now
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6675 High May 26
*RES 1: 0.6659 2.0% 10-dma envelope
*PRICE: 0.6587 @ 16:59 BST May 27
*SUP 1: 0.6506 Low May 22
*SUP 2: 0.6402 Low May 15
*SUP 3: 0.6373 Low May 5 and key support
After rallying sharply Tuesday, the pair stalled and reversed slightly on
Wednesday, but pullbacks at present aren't enough to counter the over-arching
bullish trend. AUD/USD briefly topped the 2.0% 10-dma envelope resistance
Tuesday, firming the recent rally and confirming a resumption of the uptrend and
the positive price sequence of higher highs and higher lows. The focus is on the
0.6684/85 resistance zone, a Fibonacci projection and Mar 9 high. On the
downside, initial firm support has been defined at 0.6506, May 22 low.

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