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Channel Break Provides Bulls Hope......>

AUSSIE TECHS
AUSSIE TECHS: Channel Break Provides Bulls Hope
*RES 4: $0.7730 - High Nov 2
*RES 3: $0.7690 - 200-DMA
*RES 2: $0.7687 - 55-DMA
*RES 1: $0.7654 - High Dec 5
*PRICE: $0.7631 @ 2030GMT
*SUP 1: $0.7596 - Hourly support Dec 13 
*SUP 2: $0.7580 - Hourly breakout level Dec 12 
*SUP 3: $0.7543 - Hourly support Dec 12 
*SUP 4: $0.7530 - Low Dec 12
*COMMENTARY: The recovery from last week's low now sees the pair trading above
the channel top ($0.7598) and a close above needed to shift focus to layers of
resistance $0.7653-0.7803 where key DMAs are situated. A close above the 100-DMA
($0.7803) is needed to shift overall focus back to 2017 highs. Bulls look for a
close above the 200-DMA to add support to their case. The $0.7580 level is key
support with bears needing a close below to retain focus on $0.7500.
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