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Still heavy as bears remain in.........>

AUSSIE TECHS: Still heavy as bears remain in charge:
*RES 4: 0.7022 High Jun 7 and key resistance
*RES 3: 0.6966 High Jun 11
*RES 2: 0.6925 20-day EMA
*RES 1: 0.6864 Low May 17 and former support
*PRICE: 0.6839 @ 08:36 GMT June 18
*SUP 1: 0.6800 Round number support
*SUP 2: 0.6754 Bear channel base
*SUP 3: 0.6744 Low Jan 3
*SUP 4: 0.6700 Round number support
AUDUSD remains under pressure. The recent breach of support at 0.6864 has
confirmed a
resumption of the downtrend with scope seen for weakness towards 0.6800. This
year's low of 0.6745 is now also within reach. Momentum studies remain is a bear
mode for now, reinforces the underlying downtrend conditions. Look for Aussie
weakness to extend.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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