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Trendline support breached: *RES 4: 0.7103...>

AUSSIE: Trendline support breached:
*RES 4: 0.7103 High Apr 24
*RES 3: 0.7082/7088 High Jul 19 / 200-dma
*RES 2: 0.7015/36 100-dma / High Jul 23
*RES 1: 0.6984 High Jul 25
*PRICE: 0.6945 @ 04:54 GMT July 26
*SUP 1: 0.6931/28 2% lower Bollinger band / cloud base
*SUP 2: 0.6927 61.8% retracement of the Jun 18-Jul 19 rally
*SUP 3: 0.6911 Low Jul 10
*SUP 4: 0.6891 61.8% retracement of the Jun 18-Jul 19 rally
The correction in AUDUSD through 0.7000 and break of trendline support drawn off
the Jun 18 low weakens the near-term outlook. This signals scope for a deeper
correction toward the 61.8% retracement level & Jul 10 low at 0.6927/11.
Clearance of this support zone would open 0.6891, the 76.4% retracement. Bulls
need to recover 0.7036 to change the outlook, opening the potential for a return
to the Jul 19 high & 200-dma.

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