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Topside Follow Through Lacking *RES....>

AUSSIE TECHS
AUSSIE TECHS: Topside Follow Through Lacking
*RES 4: $0.8163 - Monthly High May 14 2015 
*RES 3: $0.8065 - 2017 High July 27 
*RES 2: $0.8018 - Hourly resistance July 27 
*RES 1: $0.7985 - Hourly support July 27 now resistance
*PRICE: $0.7970 @ 0215GMT
*SUP 1: $0.7941 - Hourly resistance July 25 now support 
*SUP 2: $0.7905 - Hourly support July 25 
*SUP 3: $0.7874 - Low July 21 
*SUP 4: $0.7838 - High July 17 now support
*COMMENTARY: The lack of topside follow through on fresh 2017 and 26mth highs is
a concern for bulls with the Bollinger top capping and studies looking to
correct from O/B. There is an increased risk of a move back to $0.7838-74. Bears
need a close below $0.7838 to end bullish hopes and shift focus back to
$0.7749-90 where the 21-DMA ($0.7787) is located. Bulls need a close above
$0.8018 to reconfirm focus on $0.8163.

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