EM CEEMEA CREDIT: Romania: Jul manuf PMI

• RES 4: 0.6700 76.4% retracement of the Sep 30 ‘24 - Apr 9 bear leg
• RES 3: 0.6688 High Nov 7 ‘24
• RES 2: 0.6603 High Nov 11 ‘24
• RES 1: 0.6590 High Jul 01
• PRICE: 0.6571 @ 07:53 BST Jul 02 
• SUP 1: 0.6508 20-day EMA
• SUP 2: 0.6459/6373 50-day EMA / Low Jun 23 and a reversal trigger     
• SUP 3: 0.6357 Low May 12
• SUP 4: 0.6275 Low Apr 14

The medium-term trend set-up in AUDUSD is unchanged, it remains bullish and this week’s gains strengthen current conditions. The break higher marks a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Sights are on 0.6603 next, the Nov 11 2024 high. Key short-term support has been defined at 0.6373, the Jun 23 low. A pullback would be considered corrective.

Estox 50: +0.65%, Dax: +0.50%, CAC: +0.50%, FTSE +0.43%, SMI +0.32%.

ERQ5 98.125/98.1875/98.25c ladder, bought for 1.25 in 4k.