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AUSSIE TECHS: $0.7640 Resistance Now Key
*RES 4: $0.7639 - Falling daily TL off 2018 high
*RES 3: $0.7618 - 55-DMA
*RES 2: $0.7606 - Bollinger band top
*RES 1: $0.7593 - High May 25
*PRICE: $0.7565 @ 2130GMT
*SUP 1: $0.7532 - 21-DMA
*SUP 2: $0.7474 - Low May 30
*SUP 3: $0.7457 - Bollinger band base
*SUP 4: $0.7445 - Low May 15
*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 $0.7593-0.7640
where the 55-DMA and falling daily TL are noted. Bulls now need a close above
$0.7540 to confirm a break of the bear channel top, ending bearish hopes and
shifting focus to $0.7735-0.7842. Bears again look for a close below the 21-DMA
to gain breathing room and add weight to the case for a test of 2018 lows.