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Needle Still Points North *RES 4:......>

AUSSIE TECHS: Needle Still Points North
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6685 High Mar 9
*RES 2: 0.6684 1.00 projection of Mar 19 - 31 rally from Apr 3 low
*RES 1: 0.6613 High Mar 10
*PRICE: 0.6542 @ 10:42 BST Apr 30
*SUP 1: 0.6445 High Apr 14 and recent break out level
*SUP 2: 0.6361 50-day EMA
*SUP 3: 0.6337 Low Apr 24
*SUP 4: 0.6254 Low Apr 21 and key near-term support
AUDUSD maintains a firm tone following Monday's break of 0.6445, Apr 14 high.
The break of this former key resistance confirmed a resumption of the uptrend
that has been in place since Mar 19. With the Aussie testing new highs once
again today, the focus shifts to 0.6613 next, Mar 10 high and 0.6684/85, a
Fibonacci projection and the Mar 9 high. Initial support is seen at 0.6445, the
recent breakout level.

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