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Downside Pressure Resumes, Breaks......>

AUSSIE TECHS: Downside Pressure Resumes, Breaks December Low
*RES 4: $0.7621 Apr 24 high
*RES 3: $0.7585 Apr 27 high
*RES 2: $0.7547 Intraday high
*RES 1: $0.7525 Apr 30 low, now resistance
*PRICE: $0.7492 @1750GMT 
*SUP 1: $0.7481 50% Fibo of $0.6827-$0.8136
*SUP 2: $0.7457 2% volatility band
*SUP 3: $0.7425 2018 weekly bear channel base projection
*SUP 4: $0.7373 May 29 2017 low
*COMMENTARY* Downside pressure resumes, today breaking below the $0.7510-$0.7502
support area. The latter the outstanding low from last December. Lower and now
looking at 0.7481 next. This a longer term 50% Fibo retrace level, ahead of the
lower 2% volatility band at $0.7457. In the meantime, nearest resistance falls
to $0.7525 and then the day's $0.7547 high but currently requires a move back
above last Friday's $0.7585 high, before any correction of note is likely. 

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