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Psychological Support Gives Way *RES...>

AUSSIE TECHS
AUSSIE TECHS: Psychological Support Gives Way
*RES 4: 0.6449 20-day EMA
*RES 3: 0.6492 High Mar 12
*RES 2: 0.6326 High Mar 13
*RES 1: 0.6149 High Mar 17
*PRICE: 0.6001 @ 06:12 GMT Mar 18
*SUP 1: 0.5959 Low Mar 17
*SUP 2: 0.5956 2.618 projection of Jul - Oct 2019 decline from Dec 31 high
*SUP 3: 0.5929 Low Apr 2003
*SUP 4: 0.5896 2.764 projection of Jul - Oct 2019 decline from Dec 31 high
AUDUSD remains under pressure. Lows seen in the Global Financial Crisis gave way
Tuesday, with 0.6000 also failing to prop up the price. This confirms the
continued bearish threat, cementing the downside bias and opening levels not
seen since 2003 at 0.5929. Momentum measures continue to print the pair as
oversold, but this is not having an impact on the trend at this stage. Friday's
high of 0.6326 marks an initial firm resistance.

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