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Aggressively Rejected Ahead Of 2017....>

AUSSIE TECHS
AUSSIE TECHS: Aggressively Rejected Ahead Of 2017 High
*RES 4: $0.8162 - Monthly high May 14 2015
*RES 3: $0.8124 - 2017 High Sept 8
*RES 2: $0.8105 - Hourly resistance Jan 25
*RES 1: $0.8066 - Hourly support Jan 25 now resistance
*PRICE: $0.8052 @ 0530GMT
*SUP 1: $0.7990 - Low Jan 24 
*SUP 2: $0.7954 - Low Jan 23 
*SUP 3: $0.7935 - Low Jan 16 
*SUP 4: $0.7920 - 21-DMA
*COMMENTARY: Rejection ahead of the 2017 high is a concern for bulls & when
combined with correcting O/B daily studies increases the risk of a correction
back to $0.7874-0.7920 where the 21-DMA ($0.7920) is noted. Initial resistance
is noted at $0.8066 with bulls needing a close above to gain breathing room.
Bulls continue to look for a close above $0.8162 to shift focus to
$0.8295-0.8542 where the weekly bull channel top ($0.8450) is noted.

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