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0.7575 Clearance The Key To Any........>

AUSSIE TECHS: 0.7575 Clearance The Key To Any Better Recovery Hopes
*RES 4: $0.7654/60 4 month falling res, 61.8% $0.7813-$0.7412
*RES 3: $0.7624 1% volatility band
*RES 2: $0.7590/12 May 25, May 22 highs, 50% $0.7813-$0.7412
*RES 1: $0.7570/75 Congestion area May 23-28
*PRICE: $0.7570 @1630GMT 
*SUP 1: $0.7525/30 Hourly support
*SUP 2: $0.7505 Initial intraday high, now support
*SUP 3: $0.7473/76 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
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 effectively with resistance from $0.7575. Will
need back above the latter before near term bias can swing back in favour of the
topside. Meanwhile, $0.7525-$0.7505 protects the downside.

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