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Correcting off its recent high: *RES...>

AUSSIE TECHS
AUSSIE TECHS: Correcting off its recent high:
*RES 4: 0.7140 High Apr 23
*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 2: 0.7103 High Apr 24
*RES 1: 0.7082/7090 High Jul 19 / 200-dma
*PRICE: 0.7021 @ 05:04 GMT July 23
*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
*SUP 4: 0.6911 Low Jul 10
AUDUSD is correcting off its recent high of 0.7082. The underlying trend remains
bullish following the recent 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. With bulls in charge, the focus is on the
200-dma, ahead of the Apr 24 high at 0.7103. Support lies at 0.6996.

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