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AUSSIE BONDS

ACGB Apr-27 Supply Goes Well

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AUSSIE TECHS
AUSSIE TECHS: Above $0.7481 To Gain Breathing Room
*RES 4: $0.7627 - High June 8
*RES 3: $0.7583 - Hourly resistance June 13
*RES 2: $0.7527 - Low June 13 now resistance
*RES 1: $0.7481 - High June 15
*PRICE: $0.7442 @ 0430GMT
*SUP 1: $0.7410 - 2018 Low May 9 
*SUP 2: $0.7368 - Monthly Low June 1 2017 
*SUP 3: $0.7326 - Monthly Low May 9 2017 
*SUP 4: $0.7265 - Low Jan 5 2017
*COMMENTARY: Topside failures ahead of $0.7627 left the pair looking heavy last
week and provided the catalyst for a sharp sell-off that sees bears focused on
2018 lows once more and then $0.7326-68 May & June 2017 lows. Layers of
resistance have been left in the wake with bulls now needing a close above
$0.7481 to gain breathing room and above $0.7627 to shift initial focus back to
layers of resistance $0.7682-0.7735 where 100 & 200-DMAs are noted.

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