$0.7885-93 Break Now Needed To Add.....>

AUSSIE TECHS: $0.7885-93 Break Now Needed To Add Further Impetus To Rise

*RES 4: $0.7974 61.8% Fibo of $0.8136-$0.7713

*RES 3: $0.7962 2% volatility band

*RES 2: $0.7924 50% Fibo of $0.8136-$0.7713

*RES 1: $0.7885/93 1% volatility band, Feb 26 high

*PRICE: $0.7870 @0850GMT 

*SUP 1: $0.7820/30 Hourly support

*SUP 2: $0.7795 Hourly congestion Mar 7-Mar 9

*SUP 3: $0.7772/73 Mar 7-Mar 8 lows

*SUP 4: $0.7750/55 Congestion area Mar 1-Mar 5

*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

kept us above the lower 1% volatility band and with the added emphasis of a

0.7794 break, now suggests scope for a further $0.7885-$0.7893 rise. Support

comes initially from above $0.7830-$0.7795, although the $0.7773-$0.7772 area

currently provides a stronger level below.