Bulls in the driving seat: *RES 4:.....>

AUSSIE TECHS: Bulls in the driving seat:

*RES 4: 0.7140 High Apr 23

*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18

*RES 2: 0.7103 High Apr 24

*RES 1: 0.7091 200-dma

*PRICE: 0.7040 @ 04:58 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

*SUP 4: 0.6911 Low Jul 10

AUDUSD squeezed to 0.7082 on Friday, its highest level in nearly three months.

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 0.7103 next. Support lies at 0.6996.