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Rejected Ahead Of Falling TL Off.......>

AUSSIE TECHS
AUSSIE TECHS: Rejected Ahead Of Falling TL Off 2018 High Again
*RES 4: $0.7989 - High Feb 16
*RES 3: $0.7944 - Bollinger band top
*RES 2: $0.7935 - High Feb 19
*RES 1: $0.7912 - Falling daily TL off 2018 high
*PRICE: $0.7877 @ 0240GMT
*SUP 1: $0.7838 - 21-DMA 
*SUP 2: $0.7775 - 100-DMA 
*SUP 3: $0.7753 - Hourly support Mar 5 
*SUP 4: $0.7710 - 2018 Low Mar 1
*COMMENTARY: Breaks of the 55-DMA ($0.7891) have lacked follow through with the
pair again rejected ahead of the falling daily TL off 2018 highs. Bulls look for
a close above $0.7935 to confirm a break of the TL and above $0.7989 to shift
overall focus to $0.8135-62 where 2015 & 2018 highs are situated. Bears continue
to look for a close below the 21-DMA to gain breathing room and below the
100-DMA to return pressure to $0.7694-0.7710.

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