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Psychological Support Gives Way *RES...>

AUSSIE TECHS
AUSSIE TECHS: Psychological Support Gives Way
*RES 4: 0.6496 20-day EMA
*RES 3: 0.6492 High Mar 12
*RES 2: 0.6326 High Mar 13
*RES 1: 0.6149 Intraday high
*PRICE: 0.5975 @ 17:20 GMT Mar 17
*SUP 1: 0.5959 Low Mar 17
*SUP 2: 0.5956 2.618 projection of Jul - Oct 2019 decline from Dec 31 high
*SUP 3: 0.5929 Low Apr 2003
*SUP 4: 0.5896 2.764 projection of Jul - Oct 2019 decline from Dec 31 high
Lows seen in the Global Financial Crisis gave way Tuesday, with 0.60 also
failing to prop up the price. This confirms the continued bearish threat,
cementing the downside bias and opening levels not seen since 2003 at 0.5929.
Momentum measures continue to print the pair as oversold, but it's hard to see
this proving correct in the near-term. Friday's high of 0.6326 marks an initial
firm resistance.

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