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Breaks trendline support: *RES 4:......>

AUSSIE TECHS
AUSSIE TECHS: Breaks trendline support:
*RES 4: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 3: 0.7103 High Apr 24
*RES 2: 0.7082/7088 High Jul 19 / 200-dma
*RES 1: 0.7016/36 100-dma / High Jul 23
*PRICE: 0.6953 @ 15:20 GMT July 25
*SUP 1: 0.6931/28 2% lower Bollinger band / cloud base
*SUP 2: 0.6927 61.8% retracement of the Jun 18-Jul 19 rally
*SUP 3: 0.6911 Low Jul 10
*SUP 4: 0.6879 Low Jun 20
The correction through 0.7000 and break of trendline support drawn off the Jun
18 low weakens the near-term outlook. This signals scope for a deeper correction
toward the 61.8% retracement level & Jul 10 low at 0.6927/11. Bulls need to
recover 0.7036 to change the outlook, opening the potential of a return to the
Jul 19 high & 200-dma.

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