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In free fall: *RES 3: 0.6984 High......>

AUSSIE TECHS: In free fall:
*RES 3: 0.6984 High Jul 25
*RES 2: 0.6955 High Jul 26
*RES 1: 0.6911 Low Jul 10
*PRICE: 0.6837 @ 19:56 GMT July 31
*SUP 1: 0.6832 Jul 31/Mid-June low
*SUP 2: 0.6827 Jan 2016 Low
*SUP 3: 0.6797 3% Lower Bollinger Band
The news for AUD bulls went from bad to worse Wednesday as the Fed sent the
greenback to multi-year highs. This extended the losing streak for AUD/USD to
nine consecutive sessions, with markets finally finding some support at the June
lows of 0.6832. A fall through here will spell serious trouble for the pair,
opening the Jan 2016 lows and the flash crash lows at 0.6741. Prices need to
recover above 0.6900 initially for the outlook to improve which could open
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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