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AUSSIE TECHS: Capped Ahead Of 21-DMA
*RES 4: $0.7679 - 55-DMA
*RES 3: $0.7648 - Hourly resistance Apr 23
*RES 2: $0.7590 - Hourly resistance Apr 25
*RES 1: $0.7571 - 21-DMA
*PRICE: $0.7523 @ 2130GMT
*SUP 1: $0.7519 - Low May 11
*SUP 2: $0.7490 - Alternating daily support/resistance
*SUP 3: $0.7472 - High May 9 now support
*SUP 4: $0.7436 - Hourly support May 9
*COMMENTARY: The previously noted lack of follow through on 2018 lows was
followed up with a close above $0.7490 that bought bulls breathing room. A close
above $0.7648 remains needed to shift initial focus to $0.7679-0.7735 where the
55-DMA is located. Bears now need a close below $0.7519 to gain breathing room
and below $0.7472 to return immediate focus to 2018 lows and then $0.7326 June