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$0.7640 Key This Week *RES 4:..........>

AUSSIE TECHS
AUSSIE TECHS: $0.7640 Key This Week
*RES 4: $0.7735 - Low Apr 12 now resistance
*RES 3: $0.7640 - Monthly Low Mar 29 now resistance
*RES 2: $0.7633 - Falling daily TL off 2018 high
*RES 1: $0.7616 - 55-DMA, Bollinger band top
*PRICE: $0.7597 @ 0430GMT
*SUP 1: $0.7593 - High May 31 now support 
*SUP 2: $0.7535 - 21-DMA 
*SUP 3: $0.7513 - Low June 1 
*SUP 4: $0.7474 - Low May 30
*COMMENTARY: Bears failed to capitalise on the close below the 21-DMA with
Wednesday's rally and close above the 21-DMA returning focus to $0.7616-0.7640
where the 55-DMA and falling daily TL are noted. Bulls now need a close above
$0.7540 to confirm a break of the falling TL, ending bearish hopes and shifting
focus to $0.7735-0.7842. Bears now look for a close below $0.7513 to gain
breathing room and add weight to the case for a test of 2018 lows.

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