Focus Remains On The Bull Trigger......>

AUSSIE TECHS: Focus Remains On The Bull Trigger

*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: 0.6471 @ 06:07 BST May 12

*SUP 1: 0.6432 Intraday low

*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 is unchanged. The pair recently managed to hold above a support zone

highlighted by the 20- and 50-day EMA levels and last week defined a 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

uptrend and open 0.6613 and 0.6684/85. Clearance of the EMA zone at 0.6412/6390

and of support at 0.6373 would concern bulls.