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AUSSIE TECHS
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: 0.6417 @ 16:38 BST May 14
*SUP 1: 0.6404 Low May 14
*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 slightly lower Thursday 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 0.6421/6395
Thursday, and of support at 0.6373 would concern bulls.

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