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Above $0.7847 To Gain Breathing Room...>

AUSSIE TECHS
AUSSIE TECHS: Above $0.7847 To Gain Breathing Room
*RES 4: $0.7930 - 21-DMA
*RES 3: $0.7919 - High Aug 14
*RES 2: $0.7885 - Hourly support Aug 14 now resistance
*RES 1: $0.7847 - Hourly resistance Aug 15
*PRICE: $0.7833 @ 0430GMT
*SUP 1: $0.7809 - Low Aug 15 
*SUP 2: $0.7781 - Low July 17 
*SUP 3: $0.7749 - Hourly support July 14a 
*SUP 4: $0.7725 - 55-DMA
*COMMENTARY: The close below $0.7838 adds weight to the bearish case with focus
now on $0.7720-0.7781 where the 55-DMA is located. Below the 55-DMA then targets
$0.7563-0.7635 where 100 & 200-DMAs are situated. Initial resistance is now
noted at $0.7847 with bulls needing a close above to gain breathing room.
Overall a close above $0.7885 is then needed to shift focus back to $0.7930-49
where the 21-DMA is noted.

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