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$0.7532-$0.7552 The Near Term Bar To...>

AUSSIE TECHS
AUSSIE TECHS: $0.7532-$0.7552 The Near Term Bar To Recoveries
*RES 4: $0.7621 Apr 24 high
*RES 3: $0.7585 Apr 27 high
*RES 2: $0.7547/52 May 1 high, Apr 25 low
*RES 1: $0.7532 Apr 27 low, now resistance
*PRICE: $0.7514 @0914GMT 
*SUP 1: $0.7473 May 1 low
*SUP 2: $0.7435/40 Hourly support
*SUP 3: $0.7425 2018 weekly bear channel base, 2% vol band
*SUP 4: $0.7373 May 29 2017 low
*COMMENTARY* Downside interest continued on Tuesday, breaking beneath the
$0.7510-$0.7502 support area. Below and the longer term 50% Fibo retrace level
at $0.7481 is the latest to come under pressure. In the meantime, nearest
resistance falls to $0.7532 with $0.7547-$0.7552 higher but currently requires a
move back above last Friday's $0.7585 high, before any correction of note is
likely. Lose $0.7473 and $0.7440-$0.7425 is next support.

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