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Bear Channel Top Capping *RES....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bear Channel Top Capping 
*RES 4: A$1.5075 - High July 6
*RES 3: A$1.5033 - High July 11
*RES 2: A$1.4958 - Daily Bear channel top
*RES 1: A$1.4875 - Hourly support Aug 4 now resistance
*PRICE: A$1.4860 @ 2100GMT
*SUP 1: A$1.4818 - Hourly support Aug 2 
*SUP 2: A$1.4765 - 21-DMA 
*SUP 3: A$1.4734 - Daily Bull channel base 
*SUP 4: A$1.4680 - Low July 31
*COMMENTARY: The daily bear channel top confirmed significance having capped
last week's gains with the bearish close Friday a concern for bulls. In saying
that, bears need a close below the 21-DMA to shift focus back to A$1.4565-1.4680
where the 100-DMA (A$1.4640) is located. While the 21-DMA supports bulls remain
focused on A$1.5033-1.5109 where monthly highs are situated. Overall bears need
a close below A$1.4570 to confirm focus on the 200-DMA (A$1.4413).

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