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2018 Lows Lack Follow Through *RES.....>

AUSSIE TECHS
AUSSIE TECHS: 2018 Lows Lack Follow Through
*RES 4: $0.7842 - Alternating daily support/resistance
*RES 3: $0.7804 - 200-DMA, Hourly resistance Mar 16a
*RES 2: $0.7776 - 100-DMA
*RES 1: $0.7736 - Hourly resistance Mar 16
*PRICE: $0.7707 @ 0530GMT
*SUP 1: $0.7684 - 2018 Low Mar 19 
*SUP 2: $0.7626 - 100-WMA, Low Dec 14 
*SUP 3: $0.7580 - High Dec 12 now support 
*SUP 4: $0.7572 - Weekly Bull channel base off 2016 low
*COMMENTARY: Fresh 2018 & 4mth lows lacked follow through courtesy of the
Bollinger band base ($0.7698). Bulls now need a close above $0.7736 to gain
breathing room and above the 200-DMA to shift focus back to $0.7842-0.7935 where
the falling TL off 2018 highs is noted. While $0.7736 caps bears remain focused
on tests of $0.7572-80 where Dec lows and the Bull channel base off 2016 lows
are situated with below $0.7684 to add weigh to their case.

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