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Clears Support

AUDUSD TECHS
  • RES 4: 0.7891/95 High May 10 / 76.4% of the Feb 25 - Apr 1 sell-off
  • RES 3: 0.7813/46 High May 18 / High May 12
  • RES 2: 0.7776 High Jun 11
  • RES 1: 0.7716 High Jun 16
  • PRICE: 0.7632 @ 06:47 BST Jun 17
  • SUP 1: 0.7598 Intraday low
  • SUP 2: 0.7586 Low Apr 13
  • SUP 3: 0.7555 2.0% 10-dma envelope
  • SUP 4: 0.7552/32 200-dma / Low Apr 1 and a key support

AUDUSD broke to new multi-month lows Wednesday and has touched a low of 0.7598 today. The break of support at 0.7646, Jun 3 low reinforces a bearish theme and opens 0.7586, Apr 13 low and 0.7532, Apr 1 low and a key support. On the upside, initial resistance is at 0.7716, yesterday's high where a break would ease bearish pressure and expose 0.7776, the Jun 11 high and 0.7813, May 18 high.

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