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Vulnerable Despite A Bounce *RES 4:....>

AUSSIE TECHS
AUSSIE TECHS: Vulnerable Despite A Bounce
*RES 4: 0.6518 0.764 projection of Mar 19 - 31 rally from Apr 3 low
*RES 3: 0.6492 High Mar 12
*RES 2: 0.6445 High Apr 14 and bull trigger
*RES 1: 0.6397 High Apr 20 and key intraday resistance
*PRICE: 0.6318 @ 16:48 BST Apr 22
*SUP 1: 0.6254 Low Apr 21
*SUP 2: 0.6214 Mar 31 high and former breakout level
*SUP 3: 0.6116 Low Apr 8
*SUP 4: 0.6076 Low Apr 7
AUDUSD appears vulnerable. The sharp sell-off on Apr 15 has defined a key
near-term resistance at 0.6445, Apr 14 high. The move lower on this day also
confirmed a bearish engulfing candle formation, highlighting a potential trend
reversal. The focus is on support at 0.6214, Mar 31 high and a recent breakout
level. A break would open 0.6116, Apr 8 low. Firm intraday resistance has been
defined at 0.6397, Apr 20 high.

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