Bears Need Close Below 100-DMA *RES....>

AUSSIE TECHS: Bears Need Close Below 100-DMA

*RES 4: $0.7935 - High Feb 19

*RES 3: $0.7906 - Falling TL off 2018 high

*RES 2: $0.7889 - 55-DMA

*RES 1: $0.7827 - 21-DMA

*PRICE: $0.7783 @ 0530GMT

*SUP 1: $0.7770 - Hourly support Mar 16 

*SUP 2: $0.7753 - Hourly support Mar 5 

*SUP 3: $0.7710 - 2018 Low Mar 1 

*SUP 4: $0.7694 - High Dec 15 now support

*COMMENTARY: The break of the 100-DMA ($0.7775) has so far lacked follow through

with bears now looking for a close below the 100-DMA to add weight to the case

for a test of $0.7694-0.7710 where 2018 lows are situated. Daily studies are

well placed for a fresh leg lower with below $0.7694 to target $0.7500 Dec lows.

Bulls now need a close above $0.7842 to ease bearish pressure and shift focus

back to $0.7906-35 and above $0.7935 to hint at a move back to $0.8135-62.