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Downside Back Under Pressure As Long...>

AUSSIE TECHS
AUSSIE TECHS: Downside Back Under Pressure As Long Term Fibo Support Wavers
*RES 4: $0.7423 Jun 26 high
*RES 3: $0.7407 Jun 27 high
*RES 2: $0.7385/90 Hourly congestion area Jun 26-27
*RES 1: $0.7362 Hourly resistance
*PRICE: $0.7344 @0908GMT 
*SUP 1: $0.7300/16 Hourly support, 1% volatility band
*SUP 2: $0.7276 1.618 swing of $0.7345-$0.7457
*SUP 3: $0.7252 Max 5th wave target in fall from $0.7677
*SUP 4: $0.7235 2018 bear channel base Proj'n, 2% vol band
*COMMENTARY* Last week's $0.7347-$0.7345 lows have given way now and the longer
term 61.8% Fibo retrace level at $0.7327, has had its cage rattled. A low of
$0.7323 on Wednesday, as we approach the lower 1% volatility band at $0.7316,
being the protection against a further $0.7300-$0.7252 fall. Meanwhile, $0.7362
provides immediate resistance but $0.7385-$0.7407 is tougher higher. 

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