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Extends Gains

AUSSIE TECHS
  • 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, 2019
  • RES 1: 0.7194/99 Intraday high / High Apr 18, 2019
  • PRICE: 0.7178 @ 10:55 BST Jul 29
  • SUP 1: 0.7064 Low Jul 24 and key near-term support
  • 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 remains in an uptrend. Last week 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. Price this morning also
traded above 0.7182, Jul 22 high reinforcing bullish conditions. The focus
is on 0.7222 next, a Fibonacci projection level. The key near-term support
lies at 0.7064, Jul 24 low.

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