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Back Above $0.7585 Required Before.....>

AUSSIE TECHS
AUSSIE TECHS: Back Above $0.7585 Required Before Any Correction Likely
*RES 4: $0.7643 Mar 29 low, now resistance
*RES 3: $0.7621 Apr 24 high
*RES 2: $0.7585 Apr 27 high
*RES 1: $0.7561 Intraday high
*PRICE: $0.7521 @0852GMT 
*SUP 1: $0.7490/95 Hourly support
*SUP 2: $0.7470/73 1% volatility band, May 1 low
*SUP 3: $0.7419/25 Swing target, 2018 weekly bear channel 
*SUP 4: $0.7395 2% volatility band
*COMMENTARY* Downside interest continued on Tuesday, breaking beneath the
$0.7510-$0.7502 support area and the longer term 50% Fibo retrace level at
$0.7481 is the latest to come under pressure. In the meantime, have seen a
recovery to $0.7561 but currently requires a move back above last Friday's
$0.7585 high, before any correction of losses from the Apr 19 high at $0.7813 is
likely. Lose $0.7473-$0.7470 and $0.7425-$0.7419 becomes next support area.

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