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Pressure Still Points Higher *RES 3:...>

AUSSIE TECHS
AUSSIE TECHS: Pressure Still Points Higher
*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: 0.6970 @ 16:58 BST Jul 7
*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
AUDUSD crept higher Monday to maintain a firmer tone, and a buy-the-dip
mentality dominated Tuesday also. On Monday, the pair traded above 0.6977, Jun
16 high reinforcing bullish conditions. This 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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