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Extends This Week’s Gains

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AUSSIE TECHS
AUSSIE TECHS: EMAs Still Providing Support
*RES 4: 0.6695 High Feb 20
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6613 High Mar 10
*RES 1: 0.6570 High Apr 30 and bull trigger
*PRICE: 0.6412 @ 17:10 BST May 15
*SUP 1: 0.6402 Low May 15
*SUP 2: 0.6373 Low May 5 and key near-term support
*SUP 3: 0.6337 Low Apr 24
*SUP 4: 0.6254 Low Apr 21 and bear trigger
AUDUSD hit new lows Friday but is still (largely) holding above the support zone
highlighted by the 20- and 50-day EMA levels and the key short-term support at
0.6373, May 4 low. While 0.6373 holds, the uptrend remains intact with attention
on key resistance at 0.6570. A break would resume the trend move higher and open
0.6613 and 0.6684/85. A close below the EMA zones at 0.6425/6398 today, and of
support at 0.6373 would concern bulls.

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