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Focus Shifts To $0.7229-0.7802 *RES....>

AUSSIE TECHS
AUSSIE TECHS: Focus Shifts To $0.7229-0.7802
*RES 4: $0.8118 - High Jan 29
*RES 3: $0.8079 - Hourly resistance Jan 31
*RES 2: $0.8046 - Hourly resistance Feb 1
*RES 1: $0.7976 - 21-DMA
*PRICE: $0.7922 @ 0530GMT
*SUP 1: $0.7882 - Hourly support Jan 12 
*SUP 2: $0.7802 - Low Jan 3 
*SUP 3: $0.7783 - 55-DMA 
*SUP 4: $0.7746 - 200-DMA
*COMMENTARY: Hesitation ahead of $0.8135-62 has taken its toll with a sharp
sell-off and bearish close below the 21-DMA ($0.7976) leaving the pair looking
heavy and bears now focused on $0.7729-0.7802 where key DMAs are situated. Daily
studies are well placed for losses. Bulls now need a close above the 21-DMA to
ease immediate bearish pressure and above $0.8046 to shift initial focus back to
$0.8135-62.

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