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Confirms A Resumption Of Its Uptrend...>

AUSSIE TECHS
AUSSIE TECHS: Confirms A Resumption Of Its Uptrend
*RES 4: 0.7246 High Feb 6, 2019
*RES 3: 0.7222 1.764 projection of the Mar 19 - 31 rally from Apr 3 low
*RES 2: 0.7206 High Apr 17
*RES 1: 0.7199 High APr 18, 2019
*PRICE: 0.7125 @ 18:37 BST Jul 21
*SUP 1: 0.7010 Low Jul 21
*SUP 2: 0.6944 20-day EMA
*SUP 3: 0.6922/21 Low Jul 7 / Low Jul 14
*SUP 4: 0.6833 Low Jun 30 and key support
AUDUSD rallied sharply higher Tuesday clearing former resistance at 0.7063, Jun
10 high. The breach of this hurdle has confirmed a resumption of the underlying
uptrend that has been in place since the reversal on Mar 19. The pair has also
traded above the objective at 0.7119, a Fibonacci projection and the focus
shifts to the next target of 0.7222. On the downside, the key near-term support
remains 0.6922/21, Jul 7 and 14 low. Initial support is at 0.7010.

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