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$0.7651 Support To Hold Or Faces.......>

AUSSIE TECHS
AUSSIE TECHS: $0.7651 Support To Hold Or Faces Corrective Potential
*RES 4: $0.7805/14 76.4% $0.7898-$0.7502, 50% $0.8126-$0.7502
*RES 3: $0.7737/40 2% vol band, 38.2% Fibo of $0.8126-$0.7502
*RES 2: $0.7730 Nov 2 high
*RES 1: $0.7695 Intraday high
*PRICE: $0.7677 @1005GMT 
*SUP 1: $0.7651 Hourly base Dec 14
*SUP 2: $0.7621 Hourly low Dec 13
*SUP 3: $0.7598 Hourly support Dec 13
*SUP 4: $0.7581 Dec 12 high, now support
*COMMENTARY* Having continued to find support from above the lower 1% volatility
band and also the 6 week bear channel base, Tuesday's move back above $0.7555-60
was the first tentative step in the recovery process. The further rise through
0.7598-$0.7625 on Wednesday, has enabled a challenge and break above the 76.4%
Fibo retrace level at $0.7676. A high of $0.7695 so far, ahead of tougher
$0.7730-$0.7740 resistance. Below $0.7651 would begin a correction.

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