Trading Closer To Resistance *RES 4:...>

AUSSIE TECHS: Trading Closer To Resistance

*RES 4: 0.7082 High Jul 19, 2019

*RES 3: 0.7063 High Jun 10 and the bull trigger

*RES 2: 0.7005 High Jun 11

*RES 1: 0.6977 High Jun 16 and key near-term resistance

*PRICE: 0.6939 @ 06:28 BST Jun 24

*SUP 1: 0.6777 Low Jun 15 and the bear trigger

*SUP 2: 0.6682/46 50-day EMA / Low Jun 1

*SUP 3: 0.6612 Low May 29

*SUP 4: 0.6568 Low May 27

AUDUSD inched higher yesterday. The uptrend that began Mar 19 stalled recently

at 0.7063 on Jun 10. The trend condition while bullish, also recently entered

overbought territory and a pullback has allowed this condition to unwind. Key

support has been defined at 0.6777, Jun 15 low. A break would expose 0.6680, May

27 high and 0.6682, the 50-day EMA. The initial key resistance is 0.6977 ahead

of the bull trigger at 0.7063.