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O/S Daily Studies Key Concern For......>

AUSSIE TECHS: O/S Daily Studies Key Concern For Bears
*RES 4: $0.7648 - Hourly resistance Apr 23
*RES 3: $0.7620 - High Apr 24
*RES 2: $0.7590 - Hourly resistance Apr 25
*RES 1: $0.7546 - High May 1
*PRICE: $0.7516 @ 0250GMT
*SUP 1: $0.7470 - 2018 Low May 1 
*SUP 2: $0.7368 - Monthly Low June 1 2017 
*SUP 3: $0.7326 - Monthly Low May 9 2017 
*SUP 4: $0.7265 - Low Jan 5 2017
*COMMENTARY: Fresh 2018 & nearly 12 month lows following the close below $0.7498
left the pair looking heavy and bears focused on $0.7326. Bears now look for a
close below this level to then target $0.7142 Dec 2016 monthly lows. O/S studies
remain the key concern for bears. Bulls now need a close above $0.7546 to gain
breathing room and above $0.7590 to initially pressure the $0.7648 resistance
level with the 21-DMA ($0.7655) lurking above.

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