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$0.7863 Support Key Today *RES 4:......>

AUSSIE TECHS
AUSSIE TECHS: $0.7863 Support Key Today
*RES 4: $0.7996 - High Aug 30
*RES 3: $0.7977 - Hourly support Aug 30a now resistance
*RES 2: $0.7950 - Hourly support Aug 30 now resistance
*RES 1: $0.7923 - Hourly resistance Aug 31
*PRICE: $0.7903 @ 0430GMT
*SUP 1: $0.7886 - Hourly support Aug 31 
*SUP 2: $0.7863 - Low Aug 24 
*SUP 3: $0.7807 - Low Aug 15
*SUP 4: $0.7802 - 55-DMA
*COMMENTARY: The sharp reversal lower from the day's highs sees the pair
flirting with the daily bull channel base ($0.7906) and looking a little heavy.
The $0.7863 support remains key today with bears needing a close below to
confirm a break of the channel base and shift immediate focus to $0.7780-0.7807
where the 55-DMA is situated. Layers of resistance have followed the pair lower
with bulls needing a close above $0.7950 to shift focus back to $0.7996-0.8065.

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