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Downside Pressure Resumes Toward.......>

AUSSIE TECHS
AUSSIE TECHS: Downside Pressure Resumes Toward Swing Target At $0.7419
*RES 4: $0.7561 May 4 high
*RES 3: $0.7531 Hourly recovery high May 7
*RES 2: $0.7510 Hourly high/low May 7-8
*RES 1: $0.7493 May 7 low, now resistance
*PRICE: $0.7455 @1735GMT 
*SUP 1: $0.7434 Intraday low
*SUP 2: $0.7419 1.618 swing target of $0.7473-$0.7561
*SUP 3: $0.7397 2018 weekly bear channel base
*SUP 4: $0.7372 2% volatility band
*COMMENTARY* Downside interest continues, a low of $0.7434 so far today, as the
$0.7460-$0.7449 area is the latest support to give way. This leaves the swing
target at $0.7419 as the remaining protection to the 2018 weekly bear channel
base at $0.7397. In the meantime, nearest resistance comes from Monday's $0.7493
low and then $0.7510. It is however, the higher $0.7531 level that is currently
the key to any better recovery prospects.

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