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Finds Resistance But Remains Bullish...>

AUSSIE TECHS
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: 0.7041 High Jun 9 and the bull trigger
*PRICE: 0.6988 @ 10:50 BST Jun 10
*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: 0.6740 20-day EMA
AUDUSD shed some of the recent gains Tuesday following a rejection off the day
high of 0.7041. For now the move lower is being viewed as a correction, with
attention on support at 0.6857, Jun 3 low. A break of this support would suggest
scope for a deeper near-term pullback and open 0.6775, Jun 2 low initially. A
return above Tuesday's high of 0.7041 is required to negate any developing
bearish concerns and reinstate the recent bullish recovery.

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