$0.7561-$0.7565 Now The Next...........>

AUSSIE TECHS: $0.7561-$0.7565 Now The Next Challenge To This Rise

*RES 4: $0.7655 2% volatility band

*RES 3: $0.7612 50% Fibo of $0.7813-$0.7412

*RES 2: $0.7580 1% volatility band

*RES 1: $0.7561/65 May 4 high, 38.2% of $0.7813-$0.7412

*PRICE: $0.7551 @0832GMT 

*SUP 1: $0.7495 Hourly support

*SUP 2: $0.7465 Hourly congestion May 9-May 10

*SUP 3: $0.7448/49 Hourly basing area May 9

*SUP 4: $0.7412 May 9 low

*COMMENTARY* The key near term resistance from $0.7531 has been broken, swinging

immediate bias higher and for a test to the next region of interest between

$0.7561-$0.7565. Clearance of the latter will reinforce corrective potential,

initially of losses sustained since the $0.7813 high of Apr 19. As a result,

support also on the rise, $0.7495 initially and then backed up by

$0.7465-$0.7448. Only back below the latter will caution.