Drifting Lower But Remains Bullish.....>

AUSSIE TECHS: Drifting Lower But Remains Bullish

*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: 0.7182/99 High Jul 22 / High Apr 18, 2019

*PRICE: 0.7078 @ 10:45 BST Jul 24

*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 is drifting lower but has done little to endanger the current uptrend.

This week the pair cleared former resistance at 0.7063, Jun 10 high. The breach

confirmed a resumption of the uptrend that has been in place since Mar 19. The

pair 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.