Near-Term Resistance Still Intact......>

AUSSIE TECHS: Near-Term Resistance Still Intact

*RES 3: 0.7063 High Jun 10 and the bull trigger

*RES 2: 0.7005 High Jun 11

*RES 1: 0.6977 High Jun 16 and key near-term resistance

*PRICE: 0.6876 @ 17:03 BST Jun 24

*SUP 1: 0.6777 Low Jun 15 and the bear trigger

*SUP 2: 0.6682/46 50-day EMA / Low Jun 1

*SUP 3: 0.6612 Low May 29

After inching higher Tuesday, AUDUSD reversed to trade soft once more into the

Wednesday close. The uptrend that began Mar 19 stalled recently at 0.7063 on Jun

10. The trend condition while bullish, also recently entered overbought

territory and a pullback has allowed this condition to unwind. Key support has

been defined at 0.6777, Jun 15 low. A break would expose 0.6680, May 27 high and

0.6682, the 50-day EMA. The initial key resistance is 0.6977 ahead of the bull

trigger at 0.7063.