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Bear Channel Top Capping *RES....>

EURO-AUSSIE TECHS
EURO-AUSSIE TECHS: Bear Channel Top Capping 
*RES 4: A$1.4965 - High Aug 4
*RES 3: A$1.4946 - Daily Bear channel top
*RES 2: A$1.4925 - High Aug 7
*RES 1: A$1.4872 - Hourly resistance Aug 8
*PRICE: A$1.4851 @ 2100GMT
*SUP 1: A$1.4883 - Hourly support Aug 7 
*SUP 2: A$1.4818 - Hourly support Aug 2 
*SUP 3: A$1.4789 - Daily Bull channel base 
*SUP 4: A$1.4754 - 21-DMA
*COMMENTARY: The bear channel top confirmed significance having capped last
week's gains. The 21-DMA remains key support with bears needing a close below to
confirm a break of the bull channel base and shift focus back to
A$1.4565-1.4680. Overall bears need a close below A$1.4570 to confirm focus on
the 200-DMA (A$1.4418). Bulls need a close above A$1.4965 to break the channel
top and confirm focus on A$1.5033-1.5109 where monthly highs are situated.

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