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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: 0.7561 @ 16:08 BST Jun 17
  • SUP 1: 0.7558 Low Jun 17
  • SUP 2: 0.7552 200-dma
  • SUP 3: 0.7546 2.0% 10-dma envelope
  • SUP 4: 0.7532 Low Apr 1 and a key support

AUDUSD broke to fresh lows Thursday and has touched 0.7558 in the process. The break of support at 0.7646, Jun 3 low reinforces a bearish theme and opens losses toward the 200-dma at 0.7552. 0.7532, Apr 1 low marks key support. On the upside, initial resistance is at 0.7716, Wednesday's high where a break would ease bearish pressure and expose 0.7776, the Jun 11 high and 0.7813, May 18 high.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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