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AUSSIE TECHS
AUSSIE TECHS: EMA Levels Highlight Key Support
*RES 4: 0.6684 1.00 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.6613 High Mar 10
*RES 2: 0.6570 High Apr 30 and bull trigger
*RES 1: 0.6512 High May 1
*PRICE: 0.6408 @ 16:31 BST May 4
*SUP 1: 0.6369/65 50-day EMA / 20-day EMA and key support zone
*SUP 2: 0.6337 Low Apr 24
*SUP 3: 0.6254 Low Apr 21 and key near-term support
*SUP 4: 0.6195 Low Apr 9
AUDUSD stalled at 0.6570 last Thursday. The pair traded lower Friday and
weakened further still Monday. Attention turns to a key area of support at
0.6369/65, the 50- and 20-day EMA levels respectively. An ability to hold above
this support zone would leave the current uptrend intact and refocus attention
on the key resistance at 0.6570. A break would resume the uptrend and open
0.6613 and 0.6684/85. A breach of the EMA's would concern bulls.

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