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10Y Yield Finds Support At 8% Level


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AUSSIE TECHS: Bears Look for Close Below $0.7838
*RES 4: $0.8044 - High Aug 1 
*RES 3: $0.8015 - Hourly support Aug 1 now resistance 
*RES 2: $0.7998 - Hourly resistance Aug 1 
*RES 1: $0.7979 - High Aug 4
*PRICE: $0.7910 @ 2100GMT
*SUP 1: $0.7891 - Low Aug 4 
*SUP 2: $0.7884 - 21-DMA 
*SUP 3: $0.7874 - Low July 21 
*SUP 4: $0.7838 - High July 17 now support
*COMMENTARY: The rejection ahead of recent 2017 highs and relatively bearish
closes is less than ideal for bulls given daily studies correcting from O/B.
Pressure on $0.7934 took its toll last week with bears focused on $0.7838-84
where the 21-DMA is located. Bulls continue to look for a close above $0.7998 to
shift focus initial focus back to $0.8044-65 where 2017 highs are located. A
close below the 21-DMA is needed to add weight to the bearish case.

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