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Bears Focused On $0.7781-0.7807 *RES...>

AUSSIE TECHS
AUSSIE TECHS: Bears Focused On $0.7781-0.7807
*RES 4: $0.7949 - High Sept 26
*RES 3: $0.7907 - Hourly support Sept 22 now resistance
*RES 2: $0.7883 - Hourly resistance Sept 27
*RES 1: $0.7857 - Hourly resistance Sept 28
*PRICE: $0.7829 @ 0215GMT
*SUP 1: $0.7807 - Monthly Low Aug 15 
*SUP 2: $0.7781 - Low July 17 
*SUP 3: $0.7758 - 100-DMA 
*SUP 4: $0.7743 - High July 13 now support
*COMMENTARY: The break and close below the daily bull channel base last week has
been followed up with consolidation below the 55-DMA ($0.7938) and bears now
focused on $0.7781-0.7807 where Aug lows are located. The Bollinger base
($0.7851) is the key concern for bears with potential to limit follow through.
Layers of resistance are weighing with bulls needing a close above $0.7907 to
gain breathing room and above $0.8036 to shift focus to 2017 highs.

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