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Comfortably holds above the 100-dma:...>

AUSSIE TECHS
AUSSIE TECHS: Comfortably holds above the 100-dma:
*RES 4: 0.7103 High Apr 24
*RES 3: 0.7092 200-dma
*RES 2: 0.7069 High Apr 30
*RES 1: 0.7048 High Jul 4 & High May 7 and key resistance
*PRICE: 0.7038 @ 04:50 GMT July 16
*SUP 1: 0.6988/71 200-hma/Low Jul 12
*SUP 2: 0.6954 Low Jul 11
*SUP 3: 0.6911/6898 Low Jul 10 / Former bear channel resistance
*SUP 4: 0.6879 Low Jun 20
AUDUSD retains a bullish tone and comfortably remains clear of the 100-dma at
0.7020. The strong rebound last week off the low of Jul 10 is gathering strength
with momentum studies trending higher too. The recovery 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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