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Key supports cleared: *RES 4:..........>

AUSSIE TECHS
AUSSIE TECHS: Key supports cleared:
*RES 4: 0.7086/7087 High Jul 19 / 200-dma
*RES 3: 0.7014/36 100-dma / High Jul 23
*RES 2: 0.6984 High Jul 25
*RES 1: 0.6955 High Jul 26
*PRICE: 0.6906 @ 04:54 GMT July 29
*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 remains heavy. 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. The pair has also closed lower for six consecutive sessions,
opening the mid-June lows of $0.6832 as a realistic prospect. Bulls need to
recover above the 0.7000 handle to change the outlook. This would open the
potential for a return to the Jul 19 high & 200-dma.

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