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Trendline resistance caps gains:.......>

AUSSIE TECHS
AUSSIE TECHS: Trendline resistance caps gains:
*RES 4: 0.7048 High May 7
*RES 3: 0.7036/39 Cloud top/100-dma
*RES 2: 0.7023 High Jun 10
*RES 1: 0.6973 Intraday high and trendline resistance area drawn off the Apr 17
high
*PRICE: 0.6967 @ 08:55 GMT June 25
*SUP 1: 0.6903/02 Low Jun 21/200-hma
*SUP 2: 0.6879 Low Jun 20
*SUP 3: 0.6832 Low Jun 18
AUDUSD currently rests on trendline resistance around 0.6970. A clear break of
the trendline would mark another positive turn for the pair and confirm the
breach of near-term resistance barriers. This would also signal a trend reversal
and pave the way for gains towards the Jun 10 high at 0.7023, ahead of the cloud
top & 100-dma at 0.7036/39. Momentum studies are positive too and would
strengthen on a clear move through 0.6970.

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