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(M2) Corrective Bounce


(M2) Fails To Hold On To Recent Highs


(M2) Trend Needle Points South


(M2) Bearish Focus


(M2) Remains Below Resistance

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AUSSIE TECHS: Support Levels Hold For Now
*RES 4: 0.6695 High Feb 20
*RES 3: 0.6685 High Mar 9 and a key resistance
*RES 2: 0.6613 High Mar 10
*RES 1: 0.6570 High Apr 30 and bull trigger
*PRICE: 0.6432 @ 06:14 BST May 14
*SUP 1: 0.6421 20-day EMA
*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 is unchanged and still 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. Clearance of the EMA zone at 0.6421/6395 today, and of support at
0.6373 would concern bulls.

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