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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Clears Key Resistance

  • RES 4: 0.7356 High Dec 5, 2018
  • RES 3: 0.7295 High Jan 2019
  • RES 2: 0.7284 High Feb 2019
  • RES 1: 0.7265 High Aug 13
  • PRICE: 0.7239 @ 06:15 BST Aug 19
  • SUP 1: 0.7109 Low Aug 12 and key support
  • SUP 2: 0.7076 Low Aug 3
  • SUP 3: 0.7064/25 Low Jul 24 / 50-dma
  • SUP 4: 0.7010 Low Jul 21

AUDUSD went from firm to firmer Tuesday, topping key resistance on the way to a new cycle high at 0.7265. The move above former resistance at 0.7243, Aug 7 high confirms a resumption of the current uptrend and paves the way for a climb towards 0.7295, the Jan 2019 high. Key trend support has been defined at 0.7109, Aug 12 low where a break is required to signal the onset of a correction.

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