Published at 05:38 (GMT) 06 May
06 May AUD/USD Daily
Further extend rally from the .7788 low to pressure strong resistance at .7977. Follow-through here needed to expose the .8000 level then the .8076 high to retest. Downside seen limited with support now at .7918 then the .7860/50 area. [P.L]
R5:: .8136 22 Jan high
R4: .8100 figure
R3: .8076 * 29 Apr high
R2: .8023/28 30, 28 Apr highs
R1: .7977 * 29 Apr low
S1: .7918 intraday level
S2: .7860/50 intraday level
S3: .7800 figure
S4: .7788 * 5 May low
S5: .7750/40 * 50-day MA, 9 Apr high
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