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Recovery Meets Resistance Next From....>

AUSSIE TECHS
AUSSIE TECHS: Recovery Meets Resistance Next From $0.7605-$0.7612
*RES 4: $0.7676 2% volatility band
*RES 3: $0.7660 61.8% Fibo of $0.7813-$0.7412
*RES 2: $0.7641 1.618 swing of $0.7567-$0.7447
*RES 1: $0.7605/12 1% volatility band, 50% $0.7813-$0.7412
*PRICE: $0.7600 @0920GMT 
*SUP 1: $0.7565 Hourly support
*SUP 2: $0.7548 May 17 high, now support
*SUP 3: $0.7534 Initial rally high May 21, now support
*SUP 4: $0.7515 Congestion area May 17-21
*COMMENTARY* Have now seen a rally through $0.7570 resistance. This increases
the chance of seeing a decent correction, initially of losses sustained since
the Apr 19 high at 0.7813. Next up is $0.7605-$0.7612, which area also includes
the upper 1% volatility band today. While capped around here, then look to
$0.7565-$0.7548 for initial support, $0.7534-$0.7515 below. Loss of the latter
would concern. $0.7641-$0.7660 next on sustained move through $0.7612.

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