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Bulls Need Close Above $0.7490 *RES....>

AUSSIE TECHS
AUSSIE TECHS: Bulls Need Close Above $0.7490
*RES 4: $0.7648 - Hourly resistance Apr 23
*RES 3: $0.7590 - Hourly resistance Apr 25
*RES 2: $0.7560 - High May 4
*RES 1: $0.7490 - Hourly support May 8 now resistance
*PRICE: $0.7472 @ 0250GMT
*SUP 1: $0.7436 - Hourly support May 9 
*SUP 2: $0.7410 - 2018 Low May 9 
*SUP 3: $0.7374 - Bollinger band base 
*SUP 4: $0.7368 - Monthly Low June 1 2017
*COMMENTARY: Fresh 2018 & 5mth lows continue although the lack of follow through
is a concern when combined with correcting O/S studies and daily Momentum
divergence. In saying that, bulls now need a close above $0.7490 to gain
breathing room and above $0.7648 to shift initial focus to $0.7694-0.7735 where
the 55-DMA is located. Bears currently focus on $0.7326 June lows while $0.7490
caps.

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