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Bears Need Close Below 55-DMA *RES.....>

AUSSIE TECHS: Bears Need Close Below 55-DMA
*RES 4: $0.7985 - Low Feb 1 now resistance
*RES 3: $0.7959 - 21-DMA
*RES 2: $0.7954 - High Feb 5
*RES 1: $0.7911 - High Feb 6
*PRICE: $0.7875 @ 0530GMT
*SUP 1: $0.7847 - Alternating hourly support/resistance 
*SUP 2: $0.7825 - Low Feb 13 
*SUP 3: $0.7814 - 55-DMA 
*SUP 4: $0.7761 - 200-DMA
*COMMENTARY: Bulls take comfort in the recovery from last week's 200-DMA test
when combined with daily studies correcting from O/S. Bears now need a close
below the 55-DMA to retain focus on $0.7729-58 where the 200-DMA is noted.
Overall below $0.7729 confirms breaks of DMA & WMAS & shifts focus back to
$0.7500 Dec lows. Bulls need a close above $0.7911 to hint at a move back to
2018 highs with above $0.7985 to confirm.

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