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Needs to Bounce to Keep Uptrend........>

AUSSIE TECHS
AUSSIE TECHS: Needs to Bounce to Keep Uptrend Intact
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6635 2.0% 10-dma envelope
*RES 1: 0.6616 High May 20
*PRICE: 0.6526 @ 16:47 BST May 22
*SUP 1: 0.6506 Low May 22
*SUP 2: 0.6402 Low May 15
*SUP 3: 0.6373 Low May 5 and key support
*SUP 4: 0.6337 Low Apr 24
AUDUSD maintains a firm tone despite pulling back throughout the Thursday and
Friday sessions. The pair has recently managed to hold above support highlighted
by the 20- and 50-day EMAs and the key S/T support at 0.6373, May 4 low.
Furthermore, the price Wednesday traded and closed above 0.6570, Apr 30 high to
confirm a resumption of the current uptrend. The focus is on the 0.6627 envelope
resistance and 0.6684/85. Key support remains 0.6373, May 4 low. Bullish!

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