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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: 0.5953 @ 10:00 GMT Mar 18
*SUP 1: 0.5921 Intraday low
*SUP 2: 0.5896 2.764 projection of Jul - Oct 2019 decline from Dec 31 high
*SUP 3: 0.5882 Low Mar 2003
*SUP 4: 0.5827 Low Feb 2003
AUDUSD remains under pressure with fresh trend lows printed this morning. Lows
seen in the Global Financial Crisis gave way Tuesday and 0.6000 has failed to
prop up prices. This confirms the continued bearish threat, cementing the
downside. The pair has tested levels not seen since 2003 at 0.5929. Momentum
measures continue to print the pair as oversold, but this is not having an
impact at this stage. Friday's high of 0.6326 marks an initial firm resistance.

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