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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: $0.7931 - 200-WMA
*PRICE: $0.7779 @ 0100GMT
*SUP 1: $0.7710 High June 30 now support
*SUP 2: $0.7319 Monthly Low May 12
###POV: The failure ahead of the $0.8163 May 2015 monthly high was followed up
with closes below the 200-WMA and pressure back on the $0.7710 support
previously noted as key for LT traders.
- LT Bears need a weekly close below to ease LT bullish pressure and shift focus
back to $0.7319-0.7523 where weekly & monthly lows are noted. Below $0.7319 is
needed to shift LT focus back to 2016 lows ($0.6831). Note 55 ($0.7623) & 100
($0.7516) WMAs may support.
- Weekly studies have corrected to neutral levels. LT bulls now need a close
above the 200-WMA to gain breathing room and above $0.8163 to initially see
$0.8295 targeted with overall focus on $0.8540-50. - Click for chart
https://tinyurl.com/ybzqrbvj

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