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Breaks to Fresh Lows


Coming up in the Asia-Pac session on Friday:

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AUSSIE TECHS: Bears Still Need Close Below $0.7729
*RES 4: $0.7910 - Hourly resistance Feb 20
*RES 3: $0.7878 - 21-DMA
*RES 2: $0.7869 - 55-DMA
*RES 1: $0.7818 - Hourly support Feb 27 now resistance
*PRICE: $0.7791 @ 0240GMT
*SUP 1: $0.7784 - 200-DMA 
*SUP 2: $0.7729 - High Dec 25 now support 
*SUP 3: $0.7694 - High Dec 15 now support 
*SUP 4: $0.7629 - Low Dec 14
*COMMENTARY: The break of $0.7867 last week shifted initial focus on
$0.7229-0.7779 where 100 & 200-DMAs are located although follow through has been
lacking. Bears continue to look for a close below $0.7729 to end bullish hopes
and shift focus to $0.7500 Dec lows. Bulls now need a close above the $0.7910 to
ease bearish pressure and above $0.7989 to return focus to $0.8118-62 where 2018
highs and May 2015 monthly highs are noted.

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