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Finds Resistance But Remains......>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Finds Resistance But Remains 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: 0.6926 @ 06:09 BST Jun 11
*SUP 1: 0.6899 Low Jun 9
*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 has confirmed a resumption of the uptrend
however price action has also stalled at yesterday's high of 0.7063. The trend
condition is overbought and this does highlight the risk the pair is due a
correction. Attention is on support at 0.6899, Jun 9 low and 0.6857, Jun 3 low.
On the upside, a break of 0.7063 would resume bullish activity.

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