Still Likely To Break Higher *RES 4:...>

AUSSIE TECHS: Still Likely To Break Higher

*RES 4: 0.6800 Round number resistance

*RES 3: 0.6774 High May 5

*RES 2: 0.6685/94 High Mar 9 and a key resistance / 2.0% 10-dma envelope

*RES 1: 0.6683 High May 29

*PRICE: 0.6634 @ 17:11 BST May 29

*SUP 1: 0.6538 Low May 26

*SUP 2: 0.6506 Low May 22 and key support

*SUP 3: 0.6447 50-day EMA

*SUP 4: 0.6402 Low May 15

AUDUSD is consolidating but maintains a bullish focus. The pair briefly topped

the 2.0% 10-dma envelope resistance Tuesday, firming the recent rally with the

break above 0.6616, May 20 high this week also confirming a resumption of the

uptrend and the positive price sequence of higher highs and higher lows. The

focus is on 0.6684/85, a Fibonacci projection and Mar 9 high. Firm support has

been defined at 0.6506, May 22 low.