Confirmation of the bull trend: *RES...>

AUSSIE TECHS: Confirmation of the bull trend:

*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18

*RES 2: 0.7103 High Apr 24

*RES 1: 0.7091 200-dma

*PRICE: 0.7045 @ 15:39 GMT July 19

*SUP 1: 0.7018/06 100-dma / Low Jul 18

*SUP 2: 0.6996 Low Jul 17

*SUP 3: 0.6954 Low Jul 11 / 50-dma

AUDUSD squeezed to 0.7082 its highest level in nearly three months. The

underlying trend remains bullish following last week's strong rebound off the

Jul 10 low and subsequent extension. The recovery is significant in that 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. Yesterday's rally

closed above 0.7048, the high of Jul 4, further cementing the bullish outlook.

The focus is on 0.7103 next. Support lies at 0.6996.