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Bulls in control: *RES 3: 0.7118.......>

AUSSIE TECHS
AUSSIE TECHS: Bulls in control:
*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 2: 0.7103 High Apr 24
*RES 1: 0.7090 200-dma
*PRICE: 0.7043 @ 15:24 GMT July 22
*SUP 1: 0.7018/06 100-dma / Low Jul 18
*SUP 2: 0.6996 Low Jul 17
*SUP 3: 0.6954 Low Jul 11 / 50-dma
AUDUSD squeezed to near three-months highs of 0.7082 on Friday, before fading.
Similar price action was noted Monday, but with lower highs at 0.7057. The
underlying trend remains bullish following the recent 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. With bulls in charge, the
focus is on the 200-dma, ahead of the Apr 24 high at 0.7103. Support lies at
0.6996.

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