Bulls remain in charge: *RES 4:........>

AUSSIE TECHS: Bulls remain in charge:

*RES 4: 0.7103 High Apr 24

*RES 3: 0.7092 200-dma

*RES 2: 0.7069 High Apr 30

*RES 1: 0.7048 High Jul 4 & High May 7 and key resistance

*PRICE: 0.7011 @ 05:08 GMT July 17

*SUP 1: 0.6987/71 200-hma/Low Jul 12

*SUP 2: 0.6954/51 Low Jul 11 / 50-dma

*SUP 3: 0.6911/6893 Low Jul 10 / Former bear channel resistance

*SUP 4: 0.6879 Low Jun 20

AUDUSD bullish outlook remains intact. The strong rebound last week off the low

of Jul 10 and subsequent extension represents a firm bullish signal. 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. The focus is now on the 0.7048 bull trigger where a break

would open 0.7069 and 0.7103. Support lies at 0.6971.