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

AUSSIE TECHS
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.

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