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Trips Bull Trigger

AUSSIE TECHS
  • RES 4: 0.7516 76.4% 2018 - 2020 Sell-off
  • RES 3: 0.7356 High Dec 5, 2018
  • RES 2: 0.7295 High Jan 2019
  • RES 1: 0.7290 High Aug 27
  • PRICE: 0.7261 @ 17:31 BST Aug 27
  • SUP 1: 0.7136/09 Low Aug 20 / Low Aug 12 and the bear trigger
  • SUP 2: 0.7076 Low Aug 3 and a key support
  • SUP 3: 0.7064 Low Jul 24
  • SUP 4: 07059 50-dma
The spell of post-Powell USD weakness saw the pair hit new 2020 and multi-year highs at 0.7290 having tripped the bull trigger at 0.7284. This defies the bearish threat present last week and switches the outlook to 0.7295 and levels not seen since 2018 above there. Watch support though at 0.7109, Aug 12 low and the bear trigger.

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