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Minor correction: *RES 4: 0.7140.......>

AUSSIE TECHS
AUSSIE TECHS: Minor correction:
*RES 4: 0.7140 High Apr 23
*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18
*RES 2: 0.7103 High Apr 24
*RES 1: 0.7082/7090 High Jul 19 / 200-dma
*PRICE: 0.7027 @ 08:56 GMT July 23
*SUP 1: 0.7017/06 100-dma / Low Jul 18
*SUP 2: 0.6996 Low Jul 17
*SUP 3: 0.6957/54 50-dma / Low Jul 11
The corrective pullback extended to 0.7017, before fading. Despite this, the
underlying trend remains bullish following the recent strong rebound off the Jul
10 low and subsequent extension. The recovery is significant in that it marked a
bullish reaction off the former channel top drawn off the Apr 17 high, and the
61.8% retracement of the rally between Jun 18-Jul 4. Bulls are looking to form a
base and return upside focus to the 200-dma, ahead of the Apr 24 high at 0.7103.
Support lies at 0.6996.

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