###POV LT Traders Watching For.........>

AUSSIE TECHS: ###POV LT Traders Watching For Weekly Close Below $0.7712

*RES 2: $0.8163 - Monthly High May 14 2015 

*RES 1: $0.7920 - 200-WMA

*PRICE: $0.7707 @ 0440GMT

*SUP 1: $0.7431 Weekly Bull channel base off 2016 low

*SUP 2: $0.7319 Monthly Low May 12

*POV: The recovery from the previous attempt to break below $0.7712 in early Oct

remained capped ahead of the 200-WMA with the resulting sell-off seeing a break

of $0.7712 and the pair flirting with the 200-DMA ($0.7692).

- LT traders look for a weekly close below $0.7712 and the 200-DMA to shift

focus to $0.7319-0.7431 where May lows and the weekly bull channel base are

located. Below $0.7319 then hints at a move back to 2015 lows ($0.6825) with

below $0.7142 to confirm.

- LT traders continue to look for 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/y74cqnjk