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Failure To Move Above $0.7585 Sees.....>

AUSSIE TECHS
AUSSIE TECHS: Failure To Move Above $0.7585 Sees Downside Pressure Resume
*RES 4: $0.7621 Apr 24 high
*RES 3: $0.7585 Apr 27 high
*RES 2: $0.7561 May 4 high
*RES 1: $0.7520/30 Hourly resistance
*PRICE: $0.7472 @0834GMT 
*SUP 1: $0.7460 Hourly support
*SUP 2: $0.7449 1% volatility band
*SUP 3: $0.7419 1.618 swing target of $0.7473-$0.7561
*SUP 4: $0.7397 2018 weekly bear channel base
*COMMENTARY* Downside interest continues, the longer term 50% Fibo retrace level
at $0.7481, the latest to come under pressure. In the meantime, have seen a
recovery to $0.7561 but currently requires a move back above the Apr 27 high at
$0.7585, before any correction of losses from the Apr 19 high at $0.7813 is
likely. Nearest support now from above $0.7460, lose here and $0.7449-$0.7419
then protects against a deeper $0.7397-$0.7373 fall.

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