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Wednesday's Fall Creates Potentially...>

AUSSIE TECHS
AUSSIE TECHS: Wednesday's Fall Creates Potentially Bearish 'Outside Day'
*RES 4: $0.8021/23 Swing and equality rise targets
*RES 3: $0.8000/05 1% vol band, 76.4% of $0.8066-$0.7808
*RES 2: $0.7970/75 Aug 30 hourly highs
*RES 1: $0.7923 Intraday high
*PRICE: $0.7882 @1124GMT 
*SUP 1: $0.7866 Aug 24 low
*SUP 2: $0.7841 1% volatility band
*SUP 3: $0.7808 Aug 15 low
*SUP 4: $0.7786 Jul 18 low, 38.2% Fibo of $0.7333-$0.8066
*COMMENTARY*  A high of $0.7996 on Wednesday, shy of the upper 1% volatility
band and the 76.4% retrace level at $0.8000-$0.8005. The subsequent fall and
close below $0.7922 has created a potentially bearish 'outside day' on the daily
chart. Support from between $0.7866-$0.7841 now becomes the interest and focus
today. Loss of the latter would be a concern and suggest a deeper correction of
gains from the May low at $0.7333. Resistance $0.7923-$0.7975.

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