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AUSSIE TECHS: Bull Trend Remains Intact
*RES 4: 0.6800 Round number resistance
*RES 3: 0.6774 High May 5
*RES 2: 0.6685 High Mar 9 and a key resistance
*RES 1: 0.6680 High May 27
*PRICE: 0.6617 @ 10:45 BST May 28
*SUP 1: 0.6538 Low May 26
*SUP 2: 0.6506 Low May 22 and key support
*SUP 3: 0.6447 50-day EMA
*SUP 4: 0.6402 Low May 15
AUDUSD maintains a bullish focus despite the pullback off yesterday's high. The
pair briefly topped the 2.0% 10-dma envelope resistance Tuesday, firming the
recent rally with the break above 0.6616, May 20 high this week also confirming
a resumption of the uptrend and the positive price sequence of higher highs and
higher lows. The focus is on 0.6684/85, a Fibonacci projection and Mar 9 high.
Firm support has been defined at 0.6506, May 22 low.