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Bear channel in view: *RES 4:..........>

AUSSIE TECHS
AUSSIE TECHS: Bear channel in view:
*RES 4: 0.7095/7103 200-dma / High Apr 24
*RES 3: 0.7069      High Apr 30
*RES 2: 0.7028/48   100-dma / High Jul 4 & High May 7
*RES 1: 0.6999/01   200-hma/100-hma
*PRICE: 0.6935      @ 08:50 GMT July 9
*SUP 1: 0.6922      Former bear channel resistance now support
*SUP 2: 0.6879      Low Jun 20
*SUP 3: 0.6847      2% Lower Bollinger Band
*SUP 4: 0.6832      Low Jun 18
AUDUSD failure thus far to close above the 100-dma, somewhat damages the
outright bullish outlook. The correction extended back through 0.6950 and brings
the former bear channel resistance now support into view at 0.6922. A break
would confirm a resumption of the downtrend and open the Jun 20 low at 0.6879.
On the upside bulls need to recover the 100-dma & Jul 4 high to reignite
momentum.

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