O/S Daily Studies Correcting *RES 4:...>

AUSSIE TECHS: O/S Daily Studies Correcting

*RES 4: $0.7918 - 55-DMA

*RES 3: $0.7879 - 21-DMA

*RES 2: $0.7840 - Hourly resistance Oct 5

*RES 1: $0.7810 - Hourly resistance Oct 12

*PRICE: $0.7803 @ 0215GMT

*SUP 1: $0.7765 - Low Oct 11 

*SUP 2: $0.7733 - Low Oct 6 

*SUP 3: $0.7712 - High June 30 now support 

*SUP 4: $0.7672 - 200-DMA

*COMMENTARY: The pair is currently flirting with the 100-DMA ($0.7794) with

bulls needing a close above $0.7810 to add support to the case for a bounce back

to 21 & 55-DMAs ($0.7879-0.7918). Correcting O/S studies add support to the case

for a correction. The bounce from the day's low left the pair looking bid. Bears

now need a close below $0.7765 to ease renewed bullish pressure and below

$0.7712 to focus on the 200-DMA ($0.7674).