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$0.7890 Break Opens Up Deeper..........>

AUSSIE TECHS
AUSSIE TECHS: $0.7890 Break Opens Up Deeper Corrective Potential
*RES 4: $0.8041/47 Feb 2 high, 76.4% Fibo of $0.8136-$0.7759
*RES 3: $0.7987/92 Feb 1 low, 61.8% Fibo of $0.8136-$0.7759
*RES 2: $0.7966 Feb 15 high
*RES 1: $0.7936/40 Feb 19 high, hourly resistance
*PRICE: $0.7901 @1703GMT 
*SUP 1: $0.7877/80 Feb 13 high, intraday low
*SUP 2: $0.7845 Congestion area Feb 12-Feb 13
*SUP 3: $0.7810/15 Hourly basing area Feb 9-Feb 12
*SUP 4: $0.7795 1% volatility band
*COMMENTARY* The inability to deal with $0.7936-$0.7940 resistance over the last
couple of days has seen risk return lower and a break below $0.7893-$0.7890
support. Loss here will open up deeper corrective opportunities of recent
$0.7759-$0.7989 gains. The Feb 13 high at $0.7877 then the brake to a deeper
$0.7845-$0.7810 fall. A move through that $0.7936-$0.7940 area needed to
alleviate pressure.

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