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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: 0.7168/99 Intraday high / High Apr 18, 2019
*PRICE: 0.7153 @ 06:22 BST Jul 23
*SUP 1: 0.7063 High Jun 10 and former breakout level
*SUP 2: 0.7010 Low Jul 21
*SUP 3: 0.6963 Low Jul 16
*SUP 4: 0.6922/21 Low Jul 7 / Low Jul 14
AUDUSD rallied again yesterday. This week the pair cleared former resistance at
0.7063, Jun 10 high. The breach 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 recent objective of 0.7119, a Fibonacci projection and the focus
shifts to 0.7222. On the downside, the key near-term support remains 0.6922/21,
Jul 7 and 14 low. Initial support is at 0.7063.

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