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Focus On $0.7690-0.7733 This Week......>

AUSSIE TECHS
AUSSIE TECHS: Focus On $0.7690-0.7733 This Week
*RES 4: $0.7905 - 55-DMA
*RES 3: $0.7884 - High Oct 19
*RES 2: $0.7856 - Hourly resistance Oct 20a
*RES 1: $0.7829 - Hourly resistance Oct 20
*PRICE: $0.7818 @ 0215GMT
*SUP 1: $0.7800 - Hourly support Oct 23 
*SUP 2: $0.7765 - Low Oct 11 
*SUP 3: $0.7748 - Bollinger band base 
*SUP 4: $0.7733 - Low Oct 6
*COMMENTARY: Bears gain confidence as the pair trades below 21 ($0.7834) & 100
($0.7823) DMAs to start the new week. Having remained capped ahead of the 55-DMA
bears now focus on the $0.7690-0.7733 region where the 200-DMA and Oct lows are
noted. Below the 200-DMA hints at a move initially targeting $0.7513. Layers of
resistance are building and weighing with bulls needing a close above the 55-DMA
to end bearish hopes and shift initial focus back to $0.7986.

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