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$0.7650 The Near Term Bar To Fresh.....>

AUSSIE TECHS
AUSSIE TECHS: $0.7650 The Near Term Bar To Fresh Recovery Hopes
*RES 4: $0.7689 38.2% Fibo of $0.8136-$0.7412, 1% vol band
*RES 3: $0.7673/77 Base broken bull channel, Jun 6 high
*RES 2: $0.7650 76.4% Fibo of $0.7677-$0.7561
*RES 1: $0.7629/33 Hourly high Jun 7, 61.8% of $0.7677-$0.7561
*PRICE: $0.7615 @0905GMT 
*SUP 1: $0.7575/85 Hourly support
*SUP 2: $0.7553/61 May 31, Jun 8 lows
*SUP 3: $0.7523/32 76.4% $0.7476-$0.7677, 1% volatility band
*SUP 4: $0.7514 Jun 1 low
*COMMENTARY* Unable to deal with resistance from the upper 1% volatility band
and the base of the previously broken 30 month support line last week. Squeezed
a high of $0.7677 on Thursday but the resultant fall has been swift moving back
below $0.7615-$0.7594 support. Now looking to $0.7561-$0.7553 for next
directional clues. Nearest resistance $0.7629-$0.7633 but back above $0.7650
would improve recovery hopes again.

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