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Bulls still hurting: *RES 4:...........>

AUSSIE TECHS: Bulls still hurting:
*RES 4: 0.7009/36 100-dma / High Jul 23
*RES 3: 0.6984 High Jul 25
*RES 2: 0.6955 High Jul 26
*RES 1: 0.6911 Low Jul 10
*PRICE: 0.6894 @ 04:37 GMT July 31
*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 in AUDUSD will have been a brutal and
painful process for bulls, especially as Tuesday's trade saw two key Fibonacci
supports 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. Prices need to recover above
0.6900 initially for the outlook to improve which could open 0.6955. A failure
to hold onto very recent gains would again expose 0.6832, the mid-June low.

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