Consolidating But Remains Bullish......>

AUSSIE TECHS: Consolidating But Remains Bullish

*RES 4: 0.7222 1.764 projection of the Mar 19 - 31 rally from Apr 3 low

*RES 3: 0.7119 1.618 projection of the Mar 19 - 31 rally from Apr 3 low

*RES 2: 0.7063 High Jun 10 and the bull trigger

*RES 1: 0.7038 High Jul 15

*PRICE: 0.7009 @ 18:28 BST Jul 20

*SUP 1: 0.6922/21 Low Jul 7 / Low Jul 14

*SUP 2: 0.6833 Low Jun 30 and key support

*SUP 3: 0.6805 Low Jun 22

*SUP 4: 0.6777 Low Jun 15 and the bear trigger

AUDUSD is consolidating but maintains a bullish outlook. A positive theme

follows recent gains above 0.6977, Jun 16 high. The break reinforced conditions

for bulls paving the way for a climb towards key resistance at 0.7063, Jun 10

high. Clearance of this hurdle would also confirm a resumption of the broader

uptrend. Initial firm intraday support lies at 0.6922/21, the Jul 7 and 14 lows.