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Bears the brunt: *RES 4: 0.7085/82.....>

AUSSIE TECHS
AUSSIE TECHS: Bears the brunt:
*RES 4: 0.7085/82 200-dma / High Jul 19
*RES 3: 0.7011/36 100-dma / High Jul 23
*RES 2: 0.6984 High Jul 25
*RES 1: 0.6955 High Jul 26
*PRICE: 0.6872 @ 15:52 GMT July 30
*SUP 1: 0.6839 2.0% 10-dma envelope
*SUP 2: 0.6832 Mid-June low
*SUP 3: 0.6830 3% Lower Bollinger Band
*SUP 4: 0.6741 Flash crash low
Eight consecutive sessions of losses for the pair will have been a brutal and
painful process for bulls, especially as Tuesday trade saw two key Fib support
lines taken out. It's now a case of attempting to pick the bottom, but recent
price action suggests it still may be a way off. Bulls need to recover above
0.69 to change the outlook, with support at the mid-June low of 0.6832 now seen
as critical.

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