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Downside Pressure Resumes, Eyeing......>

AUSSIE TECHS
AUSSIE TECHS: Downside Pressure Resumes, Eyeing December Low
*RES 4: $0.7655 Apr 20 low, now resistance
*RES 3: $0.7621 Apr 24 high
*RES 2: $0.7585 Apr 27 high
*RES 1: $0.7555/65 Hourly resistance
*PRICE: $0.7516 @0853GMT 
*SUP 1: $0.7502/10 Dec 8 low, hourly support
*SUP 2: $0.7481/99 50% $0.6827-$0.8136, swing $0.7532-$0.7585
*SUP 3: $0.7460 2% volatility band
*SUP 4: $0.7425 2018 weekly bear channel base projection
*COMMENTARY* Downside pressure resumes, now headed for a test into the
$0.7510-$0.7502 area next. The latter the outstanding low from last December.
Any lower and looking at $0.7499-$0.7481 next. A combination of the swing of the
recent $0.7532-$0.7585 recovery and a long term 50% Fibo retrace level. In the
meantime, nearest resistance falls to $0.7555-$0.7565 but currently requires a
move back above last Friday's $0.7585 high, before any correction likely. 

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