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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: $0.7914 - 21-DMA
*PRICE: $0.7901 @ 0430GMT
*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 found
support around the daily bull channel base. Bears look for a close below $0.7863
to confirm an easing of bullish pressure & shift focus back to $0.7710-0.7807
where the 55-DMA ($0.7780) is noted. Bulls still need a close above $0.7963 to
shift focus back to $0.8044-65 where 2017 highs are found.