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January 11, 2018 19:58 GMT
Above $0.7906 Targets 2017 High *RES...>
AUSSIE TECHS
AUSSIE TECHS: Above $0.7906 Targets 2017 High
*RES 4: $0.8102 - High Sept 20
*RES 3: $0.8036 - High Sept 21
*RES 2: $0.7986 - High Sept 22
*RES 1: $0.7906 - Low Sept 22 now resistance
*PRICE: $0.7893 @ 2030GMT
*SUP 1: $0.7859 - Hourly support Jan 11
*SUP 2: $0.7802 - Low Jan 3
*SUP 3: $0.7760 - Hourly support Dec 27
*SUP 4: $0.7729 - Highs Dec 25 & 26 now support
*COMMENTARY: O/B daily studies looking to correct remain a key concern for bulls
who are initially focused on $0.7906 with overall focus on 2017 highs. Bulls
take comfort in the break of $0.7874 and now need a close above $0.7906 to
confirm focus on 2017 highs. Bears now need a close below $0.7802 to ease
immediate bullish pressure and below the 21-DMA ($0.7767) to hint at a move back
to $0.7500 and below $0.7625 to confirm.
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