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AUSSIE TECHS
AUSSIE TECHS: EMA Levels Holding
*RES 4: 0.6613 High Mar 10
*RES 3: 0.6570 High Apr 30 and bull trigger
*RES 2: 0.6512 High May 1
*RES 1: 0.6476 High May 5
*PRICE: 0.6416 @ 06:15 BST May 7
*SUP 1: 0.6379/75 20-day EMA / 50-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 is unchanged. Attention is on a key area of support at 0.6379/75, the 20-
and 50-day EMA levels respectively. So far, the pair has found support ahead of
this zone. An ability to remain above the averages 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. On the downside,
clearance of the EMA's would concern bulls and expose 0.6254, Apr 21 low.

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