* RES 4: $39.026 - 1.382 proj of the Apr 7 - 25 - May 15 swing * RES 3: $38.246 - 1.236 proj of the ...
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AUDUSD trend signals remain bullish and the pair continues to trade closer to its recent highs. Key support lies at 0.6385, the 50-day EMA. A clear break of this average is required to signal a potential short-term reversal. The pair has recently cleared a key short-term resistance at 0.6515, the May 7 high. This confirms a resumption of the uptrend. A continuation higher would open 0.6550, a Fibonacci retracement.
Gilt Calls, 91.46/91.56, some suggest potential upside risks on the Calls.