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Pullback Continues $0.7880-$0.7863.....>

AUSSIE TECHS
AUSSIE TECHS: Pullback Continues $0.7880-$0.7863 Now Next Support
*RES 4: $0.8040/43 1% volatility band, Aug 1 high
*RES 3: $0.8008/12 Jul 28 high,$0.8020 7 day falling res line 
*RES 2: $0.7980 Aug 4 high
*RES 1: $0.7949/55 Intraday high, hourly resistance
*PRICE: $0.7905 @1554GMT 
*SUP 1: $0.7875/80 Jul 21, Jul 26 lows, 1% volatility band
*SUP 2: $0.7863 38.2% Fibo of $0.7535-$0.8066
*SUP 3: $0.7800 50% of $0.7535-$0.8066, 2% volatility band
*SUP 4: $0.7786/87 Jul 18, Jul 17 lows
*COMMENTARY* A rally to $0.8043 last Tuesday but quickly reversed without seeing
an attempt to retest last month's $0.8066 high. The subsequent loss of
$0.7956-$0.7960 support is a near term concern and as a result has seen a
further break of the $0.7914-$0.7922 region. Now looking to the $0.7880-$0.7863
area to stem the fall or the correction deepens back toward $0.7800-$0.7786. 
Meanwhile, resistance from between $0.7955 and Friday's $0.7980 high.

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