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Eyes On $0.7956 Support After..........>

AUSSIE TECHS
AUSSIE TECHS: Eyes On $0.7956 Support After Earlier Rally Fizzles Out
*RES 4: $0.8122 2% volatility band
*RES 3: $0.8060/66 1.618 swing $0.7990-$0.7877, Jul 27 high
*RES 2: $0.8043 Intraday high
*RES 1: $0.8028 Hourly resistance
*PRICE: $0.7985 @1058GMT
*SUP 1: $0.7956/60 Jul 31 low, hourly support
*SUP 2: $0.7922/26 76.4% Fibo, initial rally high Jul 26 
*SUP 3: $0.7875/83 Jul 21, Jul 26 lows, 1% volatility band
*SUP 4: $0.7863 38.2% Fibo of $0.7535-$0.8066
*COMMENTARY* A rally to $0.8043 earlier today but quickly reversed without
seeing an attempt to retest last month's $0.8066 high. Eyes are now on
$0.7956-$0.7960 support, as this now needs to hold or recent upside momentum
takes a hit and puts pressure back on the $0.7937-$0.7922 region. The latter
still seen as key near term support, loss can see the beginning of a decent
correction. Some earlier $0.8028 resistance now ahead of $0.8043.

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