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$0.7851-$0.7877 Next Target Area.......>

AUSSIE TECHS: $0.7851-$0.7877 Next Target Area After $0.7794 Break
*RES 4: $0.7924 50% Fibo of $0.8136-$0.7713
*RES 3: $0.7893 Feb 26 high
*RES 2: $0.7870/75 1% vol band, 38.2% of $0.8136-$0.7713 
*RES 1: $0.7843/51 Mar 6 high, 76.4% of $0.7893-$0.7713
*PRICE: $0.7802 @1034GMT 
*SUP 1: $0.7771/73 Mar 2 high, Mar 8 low
*SUP 2: $0.7756 Mar 6 low
*SUP 3: $0.7738 Mar 2 low
*SUP 4: $0.7712/13 1% volatility band, Mar 1 low
*COMMENTARY* Break beneath the previous $0.7759 low last week resulted in a base
at $0.7713, before picking up aided by some near term oversold conditions. This
keeps us above the lower 1% volatility band, at $0.7712 today and with the added
emphasis of a 0.7794 break, now suggests scope for a further $0.7851-$0.7875
rise. Support comes initially from above $0.7771, although Tuesday's $0.7756 low
currently provides a stronger level below.

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