Key support at 0.6956 holds: *RES 4:.........>

AUSSIE: Key support at 0.6956 holds:

*RES 4: 0.7140 High Apr 23

*RES 3: 0.7096/7103 200-dma / High Apr 24

*RES 2: 0.7069 High Apr 30

*RES 1: 0.7032/48 100-dma / High Jul 4 & High May 7

*PRICE: 0.6987 @ 04:56 GMT July 8

*SUP 1: 0.6956 Low Jul 1 / 50-dma and key trend support

*SUP 2: 0.6942 Low Jun 25

*SUP 3: 0.6927 Former bear channel resistance now support

*SUP 4: 0.6848 2% Lower Bollinger Band

AUDUSD holds above support at 0.6956, the low of Jul 1. A failure thus far to

close above the 100-dma, somewhat damages the outright bullish outlook. However

while 0.6956 remains intact, the overall bias still favours gains near-term.

Prints above 0.7036 last Wednesday and Thursday remain significant as it negates

the bearish threat following the engulfing candle pattern on Jul 1. A move above

0.7048 would confirm the resumption of gains and open the 0.7100 handle .