Back below 100-dma: *RES 3: 0.7118.....>

AUSSIE TECHS: Back below 100-dma:

*RES 3: 0.7118 76.4% retracement of the decline between Apr 17-Jun 18

*RES 2: 0.7103 High Apr 24

*RES 1: 0.7082/7090 High Jul 19 / 200-dma

*PRICE: 0.7001 @ 15:31 GMT July 23

*SUP 1: 0.6996 Low Jul 17

*SUP 2: 0.6956/54 50-dma / Low Jul 11

*SUP 3: 0.6927 61.8% 0.6832-0.7082

The corrective pullback accelerated on the move through the 100-dma and saw the

pair briefly show below the $0.70 handle. This weakens the near-term outlook

somewhat, but the underlying medium-term trend remains bullish following the

recent strong rebound off the Jul 10 low and subsequent extension. This keeps

resistance at the former channel top drawn off the Apr 17 high, and the 61.8%

retracement of the rally between Jun 18-Jul 4. Bulls are looking to form a base

and return upside focus to the 200-dma, ahead of the Apr 24 high at 0.7103.

Support lies at 0.6996.