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Testing trendline support: *RES 4:.....>

AUSSIE TECHS: Testing trendline support:
*RES 4: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 3: 0.7103 High Apr 24
*RES 2: 0.7082/7089 High Jul 19 / 200-dma
*RES 1: 0.7036 High Jul 23
*PRICE: 0.6969 @ 04:17 GMT July 25
*SUP 1: 0.6965 Trendline support drawn off the Jun 18 low
*SUP 2: 0.6959/57/54 50-dma / 50% of the Jun 18-Jul 19 rally and Low Jul 11
*SUP 3: 0.6927 61.8% retracement of the Jun 18-Jul 19 rally
*SUP 4: 0.6911 Low Jul 10
The AUDUSD correction extends below 0.7000. This weakens the near-term outlook,
however the underlying trend remains bullish following the recent strong rebound
off the Jul 10 low. A trendline support drawn off the Jun 18 low that intersects
at 0.6965 today marks an important support and has been tested overnight in
Asia. It also lies just above 50% of the Jun 18-Jul 19 rally at 0.6957. A break
would signal scope for a deeper pullback. Resistance is at 0.7036.

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