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Off Recent Highs *RES 4: 0.7063 High...>

AUSSIE TECHS
AUSSIE TECHS: Off Recent Highs
*RES 4: 0.7063 High Jun 10 and the bull trigger
*RES 3: 0.7005 High Jun 11
*RES 2: 0.7001 High Jul 9 and key near-term resistance
*RES 1: 0.6966 Intraday high
*PRICE: 0.6929 @ 06:33 BST Jul 10
*SUP 1: 0.6922/6897 Low Jul 7 / 20-day EMA
*SUP 2: 0.6833 Low Jun 30
*SUP 3: 0.6805 Low Jun 22
*SUP 4: 0.6777 Low Jun 15 and the bear trigger
AUDUSD is weaker having found resistance at 0.7001 yesterday. For now, the
pullback is considered a correction. A bullish theme holds following this week's
move above 0.6977, Jun 16 high. The break reinforces bullish conditions and
paves the way for climb towards key resistance at 0.7063, Jun 10 high. A breach
would also confirm a resumption of the broader bull trend. Initial firm intraday
support lies at 0.6922, Jul 7 low. A break would concern bulls.

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