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Pressing Against Resistance *RES 4:....>

AUSSIE TECHS: Pressing Against Resistance
*RES 4: 0.6750 High Feb 12
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6613 High Mar 10
*RES 1: 0.6585 High May 19
*PRICE: 0.6547 @ 06:01 BST May 20
*SUP 1: 0.6510 Low May 19
*SUP 2: 0.6402 Low May 15
*SUP 3: 0.6373 Low May 5 and key near-term support
*SUP 4: 0.6337 Low Apr 24
AUDUSD was firmer again Tuesday having managed to hold above support highlighted
by the 20- and 50-day EMA levels and the key short-term support at 0.6373, May 4
low. While 0.6373 holds, the uptrend remains intact with attention on key
resistance at 0.6570, high Apr 30. This level was briefly probed Tuesday. A
clear break would resume the uptrend and open 0.6613 and 0.6684/85. A close
below the EMAs at 0.6443/09, and a break of 0.6373 would concern bulls.

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