EMA Levels Provide Support *RES 4:.....>

AUSSIE TECHS: EMA Levels Provide Support

*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: 0.6462 @ 10:41 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 firmer this morning. Attention remains on 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 leaves the current uptrend

intact and refocuses attention on the key resistance at 0.6570. A break would

resume the uptrend and open 0.6613 and 0.6684/85. Clearance of the EMA's would

concern bulls and expose 0.6254, Apr 21 low.