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Bulls In Control

AUSSIE TECHS
  • RES 4: 0.7388 2.00 projection of Mar 19 - 31 rally from Apr 3 low
  • RES 3: 0.7295 High Jan 2019
  • RES 2: 0.7284 High Feb 2019
  • RES 1: 0.7227 Intraday high
  • PRICE: 0.7211 @ 10:54 BST Jul 31
  • SUP 1: 0.7121 Low Jul 30
  • SUP 2: 0.7064 Low Jul 24 and key near-term trend support
  • SUP 3: 0.7010 Low Jul 21
  • SUP 4: 0.6963 Low Jul 16

AUDUSD upside has once again resumed. The pair has cleared the former resistance at 0.7182, Jul 22 high to confirm a resumption of the uptrend and maintain the positive price sequence of higher highs and higher lows. The rally focuses attention on 0.7284 next, Feb 2019 high and 0.7295, Jan 2019 high. On the downside, key near-term trend support has been defined at 0.7064, Jul 24 low.

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