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Flirting With Weekly Bull Channel......>

AUSSIE TECHS
AUSSIE TECHS: Flirting With Weekly Bull Channel Base
*RES 4: $0.7763 - Hourly support Apr 19 now resistance
*RES 3: $0.7735 - Low Apr 12 now resistance
*RES 2: $0.7702 - Hourly resistance Apr 20
*RES 1: $0.7648 - Hourly resistance Apr 23
*PRICE: $0.7599 @ 0200GMT
*SUP 1: $0.7580 - High Dec 12 now support 
*SUP 2: $0.7498 - Monthly Low Dec 8 
*SUP 3: $0.7368 - Monthly Low June 1 
*SUP 4: $0.7326 - Monthly Low May 9
*COMMENTARY: The sell-off from 200-DMA ($0.7812) failures last week has resulted
in fresh 2018 & 4mth lows with the pair flirting with the LT bull channel base
off 2016 lows ($0.7603). Bears now look for a close below $0.7580 to initially
pressure Dec lows. A close below Dec lows then targets $0.7326 May lows. Bulls
now need a close above $0.7640 to gain breathing room and above $0.7735 to shift
focus back to $0.7814-42 where the 200-DMA is noted.

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