Still Holding Above Key Support *RES...>

AUSSIE TECHS: Still Holding Above Key Support

*RES 4: 0.6685 High Mar 9 and a key resistance

*RES 3: 0.6613 High Mar 10

*RES 2: 0.6570 High Apr 30 and bull trigger

*RES 1: 0.6524 High May 13

*PRICE: 0.6438 @ 10:40 BST May 18

*SUP 1: 0.6402 Low May 15

*SUP 2: 0.6373 Low May 5 and key near-term support

*SUP 3: 0.6337 Low Apr 24

*SUP 4: 0.6254 Low Apr 21 and bear trigger

AUDUSD traded lower Friday but is still (largely) holding above the support zone

highlighted by the 20- and 50-day EMA levels and the key short-term support at

0.6373, May 4 low. While 0.6373 holds, the uptrend remains intact with attention

on key resistance at 0.6570. A break would resume the trend move higher and open

0.6613 and 0.6684/85. A close below the EMA zones, at 0.6424/6399 today, and of

support at 0.6373 would concern bulls.