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Bears Need Close Below $0.7393 *RES....>

AUSSIE TECHS
AUSSIE TECHS: Bears Need Close Below $0.7393
*RES 4: $0.7559 - 55-DMA
*RES 3: $0.7516 - 21-DMA
*RES 2: $0.7481 - High June 15
*RES 1: $0.7456 - High June 18
*PRICE: $0.7411 @ 0250GMT
*SUP 1: $0.7393 - Low June 25 
*SUP 2: $0.7342 - 2018 Low June 21 
*SUP 3: $0.7326 - Monthly Low May 9 2017 
*SUP 4: $0.7265 - Low Jan 5 2017
*COMMENTARY: Bulls take comfort in the recovery from last week's 2018 & 12mth
lows as daily studies correct from O/S levels. The close above $0.7430 Friday
saw bulls gain breathing room with a close above $0.7481 needed to shift initial
focus back to $0.7516-0.7327 where 21 ($0.7516) & 55 ($0.7559) DMAs are noted.
Support layers are accumulating with bears now needing a close below $0.7393 to
return initial pressure to 2018 lows.

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