Stalls Ahead Of Resistance *RES 4:.....>

AUSSIE TECHS: Stalls Ahead Of Resistance

*RES 4: 0.7082 High Jul 19, 2019

*RES 3: 0.7063 High Jun 10 and the bull trigger

*RES 2: 0.7005 High Jun 11

*RES 1: 0.6977 High Jun 16 and key near-term resistance

*PRICE: 0.6860 @ 16:39 BST Jun 25

*SUP 1: 0.6805 Low Jun 22

*SUP 2: 0.6777 Low Jun 15 and the bear trigger

*SUP 3: 0.6689/46 50-day EMA / Low Jun 1

*SUP 4: 0.6612 Low May 29

AUDUSD reversed to trade softer Wednesday before holding the losses for much of

Thursday. The uptrend that began Mar 19 stalled recently at 0.7063 on Jun 10.

The trend condition while bullish, also recently entered overbought territory

and a pullback has allowed this condition to unwind. Key support remains 0.6777,

Jun 15 low. A break would expose 0.6680, May 27 high and 0.6689, the 50-day EMA.

The initial key resistance is 0.6977 ahead of the bull trigger at 0.7063.