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Above $0.7412-$0.7430 Needed Before....>

AUSSIE TECHS
AUSSIE TECHS: Above $0.7412-$0.7430 Needed Before Near Term Respite Seen
*RES 4: $0.7529 Jun 13 low, now resistance
*RES 3: $0.7481 Jun 15 high
*RES 2: $0.7428/30 Jun 19 high, hourly resistance
*RES 1: $0.7412 May 9 low, now resistance
*PRICE: $0.7384 @0859GMT 
*SUP 1: $0.7347/55 Jun 19 low, 2% volatility band
*SUP 2: $0.7327/33 61.8% of $0.6827-$0.8136, May 9 2017 low
*SUP 3: $0.7264 2018 bear channel base projection
*SUP 4: $0.7248 1.618 swing of $0.7412-$0.7677
*COMMENTARY* Tuesday's fall to $0.7347 duelling with the lower 2% volatility
band, at $0.7355 by time today. Always cautious when this band is breached, as
historically this is never long lived. Any lower and the long term 61.8% Fibo
retrace at $0.7327 is the protection against a further $0.7264-$0.7248 fall.
Meanwhile, $0.7412-$0.7430 provides resistance to any better recovery and
correction of losses from the Jun 6 high at $0.7677.

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