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Bulls Need Close Above 21-DMA *RES.....>

AUSSIE TECHS
AUSSIE TECHS: Bulls Need Close Above 21-DMA
*RES 4: $0.7730 - High Nov 2
*RES 3: $0.7694 - 200-DMA
*RES 2: $0.7638 - 21-DMA
*RES 1: $0.7636 - Daily Bear channel top
*PRICE: $0.7617 @ 0530GMT
*SUP 1: $0.7589 - High Nov 21 now support 
*SUP 2: $0.7552 - Low Nov 22 
*SUP 3: $0.7532 - Low Nov 21 
*SUP 4: $0.7519 - Low June 9
*COMMENTARY: O/S daily studies and a lack of follow through below the Bollinger
base ($0.7549) resulted in a break of $0.7609 that sees pressure on the 21-DMA
and daily bear channel top. Bulls need a close above these levels to shift focus
to the 200-DMA which capped rallies in recent weeks. The $0.7519 support remains
key. Bears need a close below to reconfirm the bearish bias and below the weekly
bull channel base to target $0.7319-65.

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