Bulls Still In Charge

• RES 4: 0.7246 High Feb 6, 2019
• RES 3: 0.7222 1.764 projection of the Mar 19 - 31 rally from Apr 3 low
• RES 2: 0.7206 High Apr 17, 2019
• RES 1: 0.7182/99 High Jul 22 / High Apr 18, 2019
• PRICE: 0.7161 @ 16:53 BST Jul 28
• SUP 1: 0.7063/64 High Jun 10 & former breakout level / Low Jul 24
• SUP 2: 0.7010 Low Jul 21
• SUP 3: 0.6963 Low Jul 16
• SUP 4: 0.6922/21 Low Jul 7 / Low Jul 14

AUDUSD remains in an uptrend. Last week the pair cleared former resistance at
0.7063, Jun 10 high. The breach confirmed a resumption of the uptrend that
has been in place since Mar 19. Price also traded above the recent objective
of 0.7119, a Fibonacci projection and the focus is on 0.7222. On the downside,
the key near-term support remains 0.6922/21, Jul 7 and 14 low. Initial support
is at 0.7063.