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Heavy tone still dominates: *RES 4:..........>

AUSSIE
AUSSIE: Heavy tone still dominates:
*RES 4: 0.7085/82 200-dma / High Jul 19
*RES 3: 0.7011/36 100-dma / High Jul 23
*RES 2: 0.6984 High Jul 25
*RES 1: 0.6955 High Jul 26
*PRICE: 0.6901 @ 05:03 GMT July 30
*SUP 1: 0.6891 76.4% retracement 0.6832-0.7082
*SUP 2: 0.6872 76.4% retracement 0.6741-0.7295
*SUP 3: 0.6832 Mid-June low
*SUP 4: 0.6741 Flash crash low
AUDUSD traded heavily Monday, extending the recent losing streak to seven
consecutive sessions. Friday's sell off saw the pair break below the cloud base,
key Fibonacci support at 0.6927 and the July 10 low of 0.6911 to weaken the
outlook materially. This fed through well into the new week, with eyes turning
to support at the Fibonacci levels of 0.6891/0.6872. Bulls need to recover above
the 0.7000 handle to change the outlook.

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