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Bulls need close above 100-dma: *RES...>

AUSSIE TECHS
AUSSIE TECHS: Bulls need close above 100-dma:
*RES 3: 0.7098/7103 200-dma / High Apr 24
*RES 2: 0.7069 High Apr 30
*RES 1: 0.7033/48 100-dma/Intraday high & High May 7
*PRICE: 0.7018 @ 08:52 GMT July 4
*SUP 1: 0.6985 Low Jul
*SUP 2: 0.6956/55 Low Jul 1 / 50-dma
*SUP 3: 0.6936 Former bear channel resistance now support
AUDUSD has staged an impressive recovery off 0.6956, the Jul 1 low. The print
above 0.7036 yesterday and today is significant because it negates the bearish
threat following the bearish engulfing candle pattern on Jul 1. AUDUSD has now
cleared the 100-dma two times, but failed to close above giving more importance
to this level. A positive close would allow for a resumption of the uptrend and
reinforces the bullish significance of the bear channel breakout last week.
Support provided by the former channel top is at 0.6936 today and represents a
key level.

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