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AUSSIE TECHS: Pullback Underway As $0.7423-$0.7425 Area Caps Again
*RES 4: $0.7525 2% volatility band
*RES 3: $0.7493 50% Fibo of $0.7677-$0.7310
*RES 2: $0.7450/57 38.2% Fibo retrace, 1% vol, Jun 22 high
*RES 1: $0.7423/25 Jun 26, Jul 4 highs
*PRICE: $0.7401 @0733GMT
*SUP 1: $0.7355/60 Hourly support
*SUP 2: $0.7335/40 Hourly congestion Jul 2-Jul 3
*SUP 3: $0.7303/10 1% volatility band, Jul 2 low
*SUP 4: $0.7276 1.618 swing of $0.7334-$0.7457
*COMMENTARY* Has moved through $0.7411 resistance but without much conviction as
yet. A high of $0.7425 before giving up some ground, on the back of some
overbought hourly conditions. The appearance of a 'Doji' candle at Wednesday's
close is also a near term concern. Now looking towards $0.7360-$0.7335 for
support and as the protection against a return to the recent $0.7310 low and
potentially lower. Meanwhile, back above $0.7425 will remove the 'Doji' threat.