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Recovery Meets $0.7473 Resistance......>

AUSSIE TECHS
AUSSIE TECHS: Recovery Meets $0.7473 Resistance After Early Fall To $0.7412
*RES 4: $0.7561 May 4 high
*RES 3: $0.7531 Hourly recovery high May 7
*RES 2: $0.7492/93 May 4, May 7 lows, now resistance
*RES 1: $0.7473 Intraday high, May 1 low
*PRICE: $0.7457 @1706GMT 
*SUP 1: $0.7425 Hourly support
*SUP 2: $0.7412 Intraday low
*SUP 3: $0.7397 2018 weekly bear channel base
*SUP 4: $0.7359 2% volatility band
*COMMENTARY* A low of $0.7412 so far today, just beneath the swing target at
$0.7419. This the remaining protection to the 2018 weekly bear channel base at
$0.7397. In the meantime, nearest resistance now comes from the May 1 low at
$0.7473 and then the previous basing area at $0.7492-$0.7493. It is however, the
higher $0.7531 level that is currently the key to any better recovery prospects.
Below $0.7397 and last May's $0.7333 low becomes the next focus.

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