Stuck in the range: *RES 4: 0.7140 High......>

AUSSIE: Stuck in the range:

*RES 4: 0.7140 High Apr 23

*RES 3: 0.7095/7103 200-dma / High Apr 24

*RES 2: 0.7069 High Apr 30

*RES 1: 0.7030/48 100-dma / High Jul 4 & High May 7

*PRICE: 0.6961 @ 04:39 GMT July 9

*SUP 1: 0.6956/54 Low Jul 1 / Intraday low

*SUP 2: 0.6942/36 Low Jun 25 / cloud base

*SUP 3: 0.6922 Former bear channel resistance now support

*SUP 4: 0.6848 2% Lower Bollinger Band

AUDUSD failure thus far to close above the 100-dma, somewhat damages the

outright bullish outlook. However while 0.6956, the Jul 1 low and 0.6954, the

overnight low remain intact, bullish conditions hold. Key resistance and trigger

for a resumption of Aussie strength has been defined at 0.7048, the high of Jul

4. A break would confirm a resumption of the uptrend and open the 0.7100 handle.

On the downside, a clear break below 0.6954 changes the short-term picture.