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  • RES 4: 0.7029 High Feb 14
  • RES 3: 0.6993 76.4% retracement of the Feb 2 - May 31 bear leg
  • RES 2: 0.6936 High Feb 16
  • RES 1: 0.6900 High Jun 16 and key resistance
  • PRICE: 0.6785 @ 16:24 BST Jul 20
  • SUP 1: 0.6754 Low Jul 19
  • SUP 2: 0.6746 20-day EMA
  • SUP 3: 0.6651 Low Jul 11
  • SUP 4: 0.6596 Low Jun 29 and key support

AUDUSD initially traded favourably through the European open on a solid local jobs report. This impact soon faded, however, keeping prices from any major test on the first upside resistance level at 0.6900, the Jun 16 high. A break of this level would open 0.6936, the Feb 16 high. Initial support lies at 0.6746, the 20-day EMA. Weakness through here would open potential for losses toward the 0.6712 200-dma.

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