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Bulls Need Close Above $0.7907 *RES....>

AUSSIE TECHS
AUSSIE TECHS: Bulls Need Close Above $0.7907
*RES 4: $0.7949 - High Sept 26
*RES 3: $0.7939 - 55-DMA
*RES 2: $0.7907 - Hourly support Sept 22 now resistance
*RES 1: $0.7883 - Hourly resistance Sept 27
*PRICE: $0.7853 @ 2130GMT
*SUP 1: $0.7843 - Hourly resistance Sept 28 now support 
*SUP 2: $0.7798 - Low Sept 28 
*SUP 3: $0.7781 - Low July 17 
*SUP 4: $0.7758 - 100-DMA
*COMMENTARY: The break and close below the daily bull channel base last week has
been followed up with consolidation below the 55-DMA and bears now focused on
$0.7781 July 27 lows. The lack of follow through Thursday is less than ideal for
bears as daily studies approach O/S levels. In saying that, bulls still need a
close above $0.7907 to gain breathing room and above the 21-DMA ($0.7972) to
hint at a move back to 2017 highs with above $0.8036 confirming.

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