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Briefly under bear channel: *RES 4:....>

AUSSIE TECHS
AUSSIE TECHS: Briefly under bear channel:
*RES 4: 0.7069    High Apr 30
*RES 3: 0.7025/48 100-dma / High Jul 4 & High May 7
*RES 2: 0.6994    High Jul 8
*RES 1: 0.6949/51 50-dma / cloud base
*PRICE: 0.6924    @ 08:55 GMT July 10
*SUP 1: 0.6917/11 Former bear channel resistance / Intraday low
*SUP 2: 0.6879    Low Jun 20
*SUP 3: 0.6844    2% Lower Bollinger Band
*SUP 4: 0.6832    Low Jun 18
AUDUSD recently failed to close above the 100-dma and this continues to weigh on
the pair. The sharp sell-off yesterday, extended through Asia/Europe to briefly
trade under the former bear channel resistance-turned-support to 0.6911. A clear
break and close of 0.6915 would open the Jun 20 low at 0.6879. An ability to
hold above 0.6915 followed by a break above initial resistance at 0.6994 would
release part of the bearish threat.

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