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Above 21-DMA To Target.................>

AUSSIE TECHS: Above 21-DMA To Target $0.7722-0.7842
*RES 4: $0.7702 - Hourly resistance Apr 20
*RES 3: $0.7649 - 21-DMA
*RES 2: $0.7620 - High Apr 24
*RES 1: $0.7590 - Hourly resistance Apr 25
*PRICE: $0.7548 @ 0250GMT
*SUP 1: $0.7524 - Hourly support May 3 
*SUP 2: $0.7470 - 2018 Low May 1 
*SUP 3: $0.7368 - Monthly Low June 1 2017 
*SUP 4: $0.7326 - Monthly Low May 9 2017
*COMMENTARY: Bears have failed to capitalise on fresh 2018 lows with correcting
O/S studies providing the impetus for a correction. Bulls look for a close above
$0.7546 today to gain breathing room and above the 21-DMA ($0.7649) to shift
initial focus to $0.7722-0.7842 where 55, 100 & 200-DMAs are found. While the
21-DMA caps bears retain focus on $0.7326 June 2017 monthly lows. Bears look for
a close below $0.7524 to add to confidence.

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