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Heading north: *RES 4: 0.6927 61.8%....>

AUSSIE TECHS
AUSSIE TECHS: Heading north:
*RES 4: 0.6927 61.8% Jul 19 - Aug 7 sell-off
*RES 3: 0.6911 Low Jul 7
*RES 2: 0.6880 50% of Jul 19 - Aug 7 sell-off
*RES 1: 0.6876 Intraday High
*PRICE: 0.6857@ 04:57 GMT Sep 10
*SUP 1: 0,6822 High Aug 8 and former breakout level
*SUP 2: 0.6794 Low Sep 5
*SUP 3: 0.6755 Low Sep 4
*SUP 4: 0.6688 Low Sep 3
AUDUSD bullish conditions prevail as the current rally extends, buoyed by the
recent break of former resistance at 0.6822, the high of Aug 8. The move above
0.6822 confirmed bullish divergence between price and momentum and confirmed a
near-term reversal to bullish. Momentum studies too are pointing higher. The
focus is on the 0.6880 Fibonacci retracement where a break would open 0.6911 and
0.6927. Initial support lies at 0.6822.

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