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$0.7542-$0.7575 The Resistance To......>

AUSSIE TECHS
AUSSIE TECHS: $0.7542-$0.7575 The Resistance To Any Real Recovery Hopes
*RES 4: $0.7606/12 May 22 high, 50% of $0.7813-$0.7412
*RES 3: $0.7590 May 25 high
*RES 2: $0.7570/75 Congestion area May 23-28
*RES 1: $0.7542/55 May 25 low, hourly resistance
*PRICE: $0.7535 @0935GMT 
*SUP 1: $0.7505 Hourly support
*SUP 2: $0.7490 Intraday hourly congestion 
*SUP 3: $0.7469/76 1% volatility band, May 29 low
*SUP 4: $0.7447 May 16 low
*COMMENTARY* Following the small 'Doji' candle close last Tuesday we have seen a
continued fall from a high of $0.7606, which reached $0.7476 yesterday. This
slightly below the preferred $0.7488-$0.7485 support. The subsequent bounce has
been impressive but has yet to deal with resistance set between $0.7542-$0.7575.
Will need back above the latter before near term bias can swing back in favour
of the topside. Meanwhile, $0.7505-$0.7490 protects the downside.

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