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AUSSIE 10-YEAR TECHS

(U1) Needle Points North

AUSSIE 3-YEAR TECHS

(U1) Holding Onto Gains

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  • RES 4: 0.7776 High Jun 11
  • RES 3: 0.7703 50-day EMA
  • RES 2: 0.7645 High Jun 17
  • RES 1: 0.7561 High Jun 18
  • PRICE: 0.7529 @ 17:04 BST Jun 22
  • SUP 1: 0.7476 Low Jun 21
  • SUP 2: 0.7462 Low Dec 21, 2020
  • SUP 3: 0.7372 1.236 proj of Feb 25 - Mar 9 - 18 price swing
  • SUP 4: 0.7339 Low Nov 30, 2020

AUDUSD outlook remains bearish following recent weakness. The pair has traded below key support at 0.7532 Apr 1 low and price has also breached the 200-dma. The move lower confirms a resumption of the reversal that occurred Feb 25 and signals scope for a deeper pullback towards 0.7462, the Dec 21, 2020 low. On the upside, initial resistance is at 0.7561, the Jun 18 high.