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Bull Channel Base Supporting *RES 4:...>

AUSSIE TECHS
AUSSIE TECHS: Bull Channel Base Supporting
*RES 4: $0.8044 - High Aug 1
*RES 3: $0.7998 - Hourly resistance Aug 1
*RES 2: $0.7963 - High Aug 17
*RES 1: $0.7917 - 21-DMA
*PRICE: $0.7900 @ 2100GMT
*SUP 1: $0.7872 - Daily Bull channel base 
*SUP 2: $0.7863 - Low Aug 24 
*SUP 3: $0.7849 - Hourly support Aug 16 
*SUP 4: $0.7807 - Low Aug 15
*COMMENTARY: The lack of topside follow through on the break of $0.7949 last
week was less than ideal for bulls. In saying that, yet another correction is
finding support around the daily bull channel base. Bears now look for a close
below $0.7863 to confirm an easing of bullish pressure & to shift focus back to
$0.7710-0.7807 where the 55-DMA ($0.7774) is noted. Bulls still need a close
above $0.7963 to shift focus back to $0.8044-65 where 2017 highs are found.

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