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: 0.7090 @ 16:37 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.

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.