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$0.7447-$0.7432 The Protection To......>

AUSSIE TECHS
AUSSIE TECHS: $0.7447-$0.7432 The Protection To The May low
*RES 4: $0.7590 Congestion area Jun 8-12
*RES 3: $0.7556/61 Jun 13, Jun 8 lows, now resistance
*RES 2: $0.7529 Hourly low Jun 14, now resistance
*RES 1: $0.7510/15 Hourly resistance
*PRICE: $0.7469 @0948GMT 
*SUP 1: $0.7447 May 16 low
*SUP 2: $0.7432 2% volatility band
*SUP 3: $0.7412 May 9 low
*SUP 4: $0.7373 Jun 1 2017 low
*COMMENTARY* Unable to deal with resistance from the upper 1% volatility band
and the base of the previously broken 30 month support line last week. Squeezed
a high of $0.7677 but the resultant fall has been swift moving back below
$0.7615-$0.7594. Has subsequently lost support from the lower 1% band,  allowing
a further 0.7447-$0.7432 fall. The latter protecting the May 9 low at $0.7412.
Nearest resistance $0.7510-$0.7529, with $0.7556-$0.7561 higher.

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