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(U0) Holding Above Its Key......>

AUSSIE 3-YEAR TECHS
AUSSIE 3-YEAR TECHS: (U0) Holding Above Its Key Support
*RES 3: 99.780 - High Apr 01 and bull trigger
*RES 3: 99.750 - High May 21 and 22
*RES 1: 99.730 - Congestion highs between Jun 15 - 22
*PRICE: 99.690 @ 18:54 BST Jul 21
*SUP 1: 99.680 - Low Jun 14
*SUP 2: 99.667 - 23.6% retracement of the March - April Rally
*SUP 3: 99.597 - 38.2% retracement of the Mar - Apr rally
The short-end of the Aussie is trading lower this week but holding above recent
lows of 99.680, the Jul 14 low and a new low watermark. A break of this support
would signal scope for an extension lower towards Fibonacci support at 99.667
and 99.597, both Fibonacci retracement levels. On the upside, the key hurdle for
bulls remains the 99.730 congestion, highs between Jun 15 - 22. A break would
instead open 99.780, Apr 1 high further out.

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