Faltering, But Still Bullish *RES 4:...>

AUSSIE TECHS: Faltering, But Still Bullish

*RES 4: 0.7200 Round number resistance

*RES 3: 0.7119 1.618 projection of Mar 19 - 31 rally from Apr 3 low

*RES 2: 0.7082 High Jul 19, 2019

*RES 1: 0.7063 High Jun 10 and the bull trigger

*PRICE: 0.6883 @ 16:55 BST Jun 11

*SUP 1: 0.6878 Low Jun 11

*SUP 2: 0.6857 Low Jun 3 and key near-term support

*SUP 3: 0.6775 Low Jun 2

*SUP 4: 0.6764 20-day EMA

The kneejerk response to the Fed rate decision was AUDUSD positive, resulting in

a new multi-year high of 0.7063. This confirmed a resumption of the uptrend, but

this seems to have stalled for now. The trend condition is overbought and this

does highlight the risk the pair is due a correction. Support now rests at the

0.6857 Jun 3 low. On the upside, a break of 0.7063 would resume bullish

activity.