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.