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Needle Still Points North *RES 3:......>

AUSSIE TECHS
AUSSIE TECHS: Needle Still Points North
*RES 3: 0.7063 High Jun 10 and the bull trigger
*RES 2: 0.7005 High Jun 11
*RES 1: 0.6998 High Jul 6
*PRICE: 0.6974 @ 17:17 BST Jul 8
*SUP 1: 0.6833 Low Jun 30
*SUP 2: 0.6805 Low Jun 22
*SUP 3: 0.6777 Low Jun 15 and the bear trigger
Mimicking Tuesday's price action, AUDUSD crept higher into the close to maintain
a firmer tone although price stalled at the day high. 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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