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Focus Shifts To $0.7838-74 *RES 4:.....>

AUSSIE TECHS
AUSSIE TECHS: Focus Shifts To $0.7838-74
*RES 4: $0.8015 - Hourly support Aug 1 now resistance 
*RES 3: $0.7998 - Hourly resistance Aug 1 
*RES 2: $0.7950 - Hourly support Aug 2 now resistance 
*RES 1: $0.7936 - Hourly resistance Aug 3
*PRICE: $0.7927 @ 0430GMT
*SUP 1: $0.7905 - Hourly support July 25 
*SUP 2: $0.7874 - Low July 21 
*SUP 3: $0.7852 - 21-DMA 
*SUP 4: $0.7838 - High July 17 now support
*COMMENTARY: The rejection ahead of recent 2017 highs and relatively bearish
closes is less than ideal for bulls given daily studies correcting from O/B.
Pressure on $0.7934 has taken its toll with bears now focused on the $0.7838-74
region where the 21-DMA is located. Initial resistance is now noted at $0.7950
with bulls needing a close above to gain breathing room and above $0.8015 to
shift focus back to $0.8044-65.

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