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A$ Rallies On More Hawkish RBA Outlook

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Making The Most Of Tuesday's......>

EURO-DOLLAR TECHS
EURO-DOLLAR TECHS: Making The Most Of Tuesday's Hold Above $1.1649-$1.1641 
*RES 4: $1.1881 76.4% Fibo of $1.1996-$1.1510
*RES 3: $1.1830/32 May 22 high, equality rise from $1.1617
*RES 2: $1.1802/10 Hourly resistance, 61.8% of $1.1996-$1.1510
*RES 1: $1.1787/95 1.618 swing $1.1725-$1.1617, 1% vol band
*PRICE: $1.1741 @0845GMT 
*SUP 1: $1.1725 Hourly support
*SUP 2: $1.1708/14 Hourly base Jun 5, intraday low
*SUP 3: $1.1674/75 Hourly basing area Jun 4
*SUP 4: $1.1653 Jun 5 low
*COMMENTARY* As stated yesterday, all is not lost especially while support from
$1.1649-$1.1641 is able to contain any setbacks. A low of $1.1653 before finding
the ability to rally again, through $1.1745-$1.1754 resistance. This now sees
$1.1787-$1.1795 as next potential barrier, $1.1802-$1.1810 higher. Meanwhile,
support rises to $1.1725 and then more importantly from $1.1714-$1.1708. Loss
here would caution. Above $1.1810 and $1.1830-$1.1832 comes into play next.

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