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Bears Focused On Bull Channel Base.....>

                                            AUSSIE TECHS: Bears Focused On Bull Channel Base
                                            *RES 4: $0.8295 - 2015 High Jan 15
                                            *RES 3: $0.8163 - Monthly High May 14 2015
                                            *RES 2: $0.8125 - 2017 High Sept 8
                                            *RES 1: $0.8061 - Hourly resistance Sept 11
                                            *PRICE: $0.8034 @ 0210GMT
                                            *SUP 1: $0.7983 - Daily Bull channel base
                                            *SUP 2: $0.7961 - Low Sept 6
                                            *SUP 3: $0.7920 - Hourly support Aug 31
                                            *SUP 4: $0.7863 - Low Aug 24
                                            *COMMENTARY: Fresh 2017 and 2+ year highs continued Friday although the lack of
                                            topside follow through is a concern for bulls. Pressure on the $0.8009 support
                                            resulted in a break lower with bears now looking for a close below $0.7920 to
                                            pressure the 55-DMA ($0.7879). Layers of resistance remain with bulls needing a
                                            close above $0.8081 to return initial focus to tests of recent 2017 highs.
                                            Correcting O/B studies add weight to the bearish case.

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