Seventh session of lower lows: *RES....>

AUSSIE TECHS: Seventh session of lower lows:

*RES 3: 0.7013/36 100-dma / High Jul 23

*RES 2: 0.6984 High Jul 25

*RES 1: 0.6955 High Jul 26

*PRICE: 0.6901 @ 16:43 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

AUDUSD traded very 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 Fib levels of 0.6891/0.6872. 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.