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$0.7589-$0.7600 Still In Way Of Any....>

AUSSIE TECHS
AUSSIE TECHS: $0.7589-$0.7600 Still In Way Of Any Recovery Efforts
*RES 4: $0.7639 38.2% Fibo of $0.7813-$0.7532
*RES 3: $0.7621 Apr 24 high
*RES 2: $0.7595/00 Congestion area Apr 23-24
*RES 1: $0.7589 Apr 26 high
*PRICE: $0.7547 @1611GMT 
*SUP 1: $0.7532/35 Apr 27 low, 12 week bear channel base
*SUP 2: $0.7502 Dec 8 low
*SUP 3: $0.7481/86 50% Fibo of $0.6827-$0.8136, 2% vol band
*SUP 4: $0.7425 2018 weekly bear channel base projection
*COMMENTARY* Have seen a move below the base of the $0.7553-$0.7539 support
area, a low of $0.7532, before encountering some near term oversold conditions.
In this respect, last Thursday's $0.7589 high and then the congested
$0.7595-$0.7600 region, offer resistance and any recovery of note will be
beholden to a move through here. Below $0.7532 and there is currently not much
showing until the Dec 8 low at $0.7502 and then the $0.7486-$0.7481 area.

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