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###POV $0.7710 Support Key For LT......>

AUSSIE TECHS
AUSSIE TECHS: ###POV $0.7710 Support Key For LT Traders
*RES 2: $0.8163 - Monthly High May 14 2015 
*RES 1: $0.8066 - 2017 High July 27
*PRICE: $0.7926 @ 0500GMT
*SUP 1: $0.7781 Low July 17
*SUP 2: $0.7710 High June 30 now support
###POV: LT Bulls currently focus on $0.8163-0.8308 where the 2015 high ($0.8293)
and weekly bull channel top ($0.8308) are situated. Failure to manage a weekly
close above the 200-WMA ($0.7974) is a concern and leaves weekly studies
correcting from O/B levels.
- The $0.7710 support is key for LT bulls with a close below needed to ease
bullish pressure and shift focus back to $0.7334-0.7523 where weekly & monthly
lows are noted. Below $0.7334 is needed to shift LT focus back to 2016 lows
($0.6831). While $0.7710 supports LT bulls retain the upper hand but now need a
close above $0.8066 to reconfirm the bullish bias. 
- Click for chart https://tinyurl.com/ydcg27hc

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