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Bears Focused On $0.7229-0.7802 *RES...>

AUSSIE TECHS
AUSSIE TECHS: Bears Focused On $0.7229-0.7802
*RES 4: $0.8046 - Hourly resistance Feb 1
*RES 3: $0.7975 - 21-DMA
*RES 2: $0.7954 - High Feb 5
*RES 1: $0.7893 - Hourly resistance Feb 6
*PRICE: $0.7841 @ 0530GMT
*SUP 1: $0.7809 - Bollinger band base 
*SUP 2: $0.7802 - Low Jan 3 
*SUP 3: $0.7788 - 55-DMA 
*SUP 4: $0.7747 - 200-DMA
*COMMENTARY: Hesitation ahead of $0.8135-62 has taken its toll with a sharp
sell-off and bearish closes below the 21-DMA leaving the pair looking heavy and
bears focused on $0.7729-0.7802 where key DMAs are situated. Daily studies are
well placed for losses. Bulls need a close above the 21-DMA to ease immediate
bearish pressure and above $0.8046 to shift initial focus back to $0.8135-62.

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