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$0.7781-$0.7794 Stands In Way of.......>

AUSSIE TECHS: $0.7781-$0.7794 Stands In Way of Better Recovery
*RES 4: $0.7850 Hourly congestion area Feb 26-27
*RES 3: $0.7819 Feb 28 high
*RES 2: $0.7794 76.4% Fibo of $0.7819-$0.7713
*RES 1: $0.7781 Feb 28 low, now resistance
*PRICE: $0.7749 @1056GMT 
*SUP 1: $0.7725 1% volatility band
*SUP 2: $0.7713 Mar 1 low
*SUP 3: $0.7695 Dec 15 high, now support
*SUP 4: $0.7647/52 2% vol band, 76.4% of $0.7502-$0.8136
*COMMENTARY* Break below the previous $0.7759 low last week has resulted in a
base at $0.7713 so far, before picking up aided by some near term oversold
conditions. This keeps us above the lower 1% volatility band at $0.7725 for the
time  being today but will need the added emphasis of a $0.7781-$0.7794 break,
before any further confidence in the upside will follow. Below $0.7713 and the
Dec 15 high at $0.7695 protects against a deeper $0.7652-$0.7647 fall.

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