Needle Continues To Point North *RES...>

AUSSIE TECHS: Needle Continues To Point North

*RES 4: 0.7119 1.618 projection of the Mar 19 - 31 rally from Apr 3 low

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

*RES 2: 0.7005 High Jun 11

*RES 1: 0.7001 High Jul 9 and key near-term resistance

*PRICE: 0.6969 @ 16:17 BST Jul 14

*SUP 1: 0.6922/21 Low Jul 7 / Intraday low

*SUP 2: 0.6833 Low Jun 30 and key support

*SUP 3: 0.6805 Low Jun 22

*SUP 4: 0.6777 Low Jun 15 and the bear trigger

AUDUSD maintains a bullish outlook despite failing to hold the Monday high. A

bullish theme follows last week's move above 0.6977, Jun 16 high. The break

reinforces conditions for bulls and paves the way for climb towards key

resistance at 0.7063, Jun 10 high. Clearance of this hurdle would also confirm a

resumption of the broader uptrend. Initial firm intraday support lies at

0.692221, Jul 7 low and today's intraday low.