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Focus Now On LT Bull Channel Base......>

AUSSIE TECHS
AUSSIE TECHS: Focus Now On LT Bull Channel Base
*RES 4: $0.7598 - Hourly support Dec 5 now resistance
*RES 3: $0.7569 - Hourly resistance Dec 7
*RES 2: $0.7555 - Hourly resistance Dec 7a
*RES 1: $0.7533 - Hourly resistance Dec 7
*PRICE: $0.7506 @ 2030GMT
*SUP 1: $0.7472 - LT Bull channel base (Jan 20 2016 low) 
*SUP 2: $0.7410 - Low June 5 
*SUP 3: $0.7365 - Low May 12 
*SUP 4: $0.7360 - Daily Bear channel base (Oct 6 low)
*COMMENTARY: The pair remains heavy having broken below $0.7519 with a close
below to confirm initial focus on the LT bull channel base. A close below the
channel base sees bears targeting $0.7326-65 where the MT bear channel base is
noted. Layers of resistance are accumulating and weighing. The $0.7569
resistance is now key. Bulls need a close above to ease bearish pressure with a
close above $0.7598 to pressure $0.7631-54 where the bear channel top is noted.

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