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Support Layers Developing At A Rapid...>

AUSSIE TECHS
AUSSIE TECHS: Support Layers Developing At A Rapid Pace
*RES 4: $0.7768 - Low Oct 24 now resistance
*RES 3: $0.7730 - High Nov 2
*RES 2: $0.7690 - 200-DMA
*RES 1: $0.7684 - 55-DMA
*PRICE: $0.7670 @ 0530GMT
*SUP 1: $0.7641 - Hourly breakout level Dec 14 
*SUP 2: $0.7623 - Hourly support Dec 14 
*SUP 3: $0.7596 - Hourly support Dec 13 
*SUP 4: $0.7580 - Hourly breakout level Dec 12
*COMMENTARY: The recovery from last week's low saw a close above the channel top
with the pair very bid and pressuring 55 & 200-DMAs. Layers of resistance remain
$0.7684-0.7800 with bulls needing a close above the 100-DMA ($0.7800) to shift
overall focus to tests of 2017 highs. Support layers are emerging at a rapid
pace with bears now needing a close below $0.7623 to ease immediate bullish
pressure and below $0.7580 to return initial focus to $0.7500.

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