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Comfortably above 100-dma: *RES 4:.....>

AUSSIE TECHS
AUSSIE TECHS: Comfortably above 100-dma:
*RES 4: 0.7092 200-dma
*RES 3: 0.7069 High Apr 30
*RES 2: 0.7048 High Jul 4 & High May 7 and key resistance
*RES 1: 0.7035 Intraday high
*PRICE: 0.7030 @ 08:42 GMT July 15
*SUP 1: 0.6987/71 200-hma/Low Jul 12
*SUP 2: 0.6954 Low Jul 11
*SUP 3: 0.6911/03 Low Jul 10 / Former bear channel resistance
*SUP 4: 0.6879 Low Jun 20
AUDUSD is bullish and comfortably holds above the 100-dma. The strong rebound
last week off the low of Jul 10 is gathering strength with momentum studies
trending higher too. The bounce off the Jul 10 low is significant as 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. Support lies at 0.6971.

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