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Bullish trend intact: *RES 4: 0.7103...>

AUSSIE TECHS
AUSSIE TECHS: Bullish trend intact:
*RES 4: 0.7103 High Apr 24
*RES 3: 0.7091 200-dma
*RES 2: 0.7069 High Apr 30
*RES 1: 0.7048 High Jul 4 & High May 7 and key resistance
*PRICE: 0.7028 @ 04:56 GMT July 18
*SUP 1: 0.6996/87 Low Jul 17 / 200-hma
*SUP 2: 0.6954/51 Low Jul 11 / 50-dma
*SUP 3: 0.6911 Low Jul 10
*SUP 4: 0.6879 Low Jun 20
AUDUSD continues to display bullish signals 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. Overnight
gains in Asia are encouraging with the focus on the 0.7048 bull trigger. A break
would open 0.7069 and 0.7103. Initial support has been defined at 0.6996.

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