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MNI: AUDUSD: Holding Onto Gains *RES 4: 0.7082.......>

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MNI: AUDUSD: Holding Onto Gains
*RES 4: 0.7082 High Jul 19, 2019
*RES 3: 0.7063 High Jun 10 and the bull trigger
*RES 2: 0.7005 High Jun 11
*RES 1: 0.7001 Intraday high
*PRICE: 0.6986 @ 10:46 BST Jul 9
*SUP 1: 0.6897 20-day EMA
*SUP 2: 0.6833 Low Jun 30
*SUP 3: 0.6805 Low Jun 22
*SUP 4: 0.6777 Low Jun 15 and the bear trigger
AUDUSD crept higher into the close yesterday to maintain a firmer tone and is
holding onto gains. This week's move above 0.6977, Jun 16 high reinforces
bullish conditions and paves the way for gains towards key resistance at 0.7063,
Jun 10 high. A break would confirm a resumption of the bull trend. Last week's
'Golden Cross' where the 50-dma rises above the 200-dma also highlights the
bullish theme. Initial firm support lies at 0.6833, Jun 30 low.

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