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Focus Shifts To Dec 2016 Low *RES 4:...>

AUSSIE TECHS
AUSSIE TECHS: Focus Shifts To Dec 2016 Low
*RES 4: $0.7481 - High June 15
*RES 3: $0.7443 - Highs June 25 & 26
*RES 2: $0.7407 - High June 27
*RES 1: $0.7378 - Low June 26 now resistance
*PRICE: $0.7354 @ 0250GMT
*SUP 1: $0.7323 - 2018 Low June 27 
*SUP 2: $0.7265 - Low Jan 5 2017 
*SUP 3: $0.7246 - High Dec 30 2016 now support 
*SUP 4: $0.7152 - Monthly Low Dec 26 2016
*COMMENTARY: Fresh 2018 & 18mth lows see bears shift focus to the $0.7152 Dec
2016 monthly low although the weekly bear channel base ($0.7234) may slow the
move. O/S daily studies and the Bollinger base ($0.7281) are key concerns for
bears. Bulls now need a close above $0.7443 to gain breathing room and above
$0.7481 to shift initial focus back to $0.7544-0.7627 where the 55 ($0.7544) DMA
is located. Above the 55-DMA then initially targets $0.7627-0.7735.

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