Trading Above Key EMA Levels *RES 4:...>

AUSSIE TECHS: Trading Above Key EMA Levels

*RES 4: 0.6684 1.00 projection of Mar 19 - 31 rally from Apr 3 low

*RES 3: 0.6613 High Mar 10

*RES 2: 0.6570 High Apr 30 and bull trigger

*RES 1: 0.6512 High May 1

*PRICE: 0.6411 @ 16:50 BST May 6

*SUP 1: 0.6377/74 20-day EMA / 50-day EMA and key support zone

*SUP 2: 0.6337 Low Apr 24

*SUP 3: 0.6254 Low Apr 21 and key near-term support

*SUP 4: 0.6195 Low Apr 9

AUDUSD attention is still on a key area of support at 0.6377/74, the 20- and

50-day EMA levels respectively. So far, the pair has found support ahead of this

zone. An ability to remain above the averages would leave the current uptrend

intact and refocus attention on the key resistance at 0.6570. A break would

resume the uptrend and open 0.6613 and 0.6684/85. On the downside, clearance of

the EMA's would concern bulls and expose 0.6254, Apr 21 low.