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$0.7893 Resistance After Hold Above....>

AUSSIE TECHS
AUSSIE TECHS: $0.7893 Resistance After Hold Above 1% Volatility Band
*RES 4: $0.7958 1% volatility band
*RES 3: $0.7936/42 Feb 19 high, 76.4% of $0.7989-$0.7790
*RES 2: $0.7915 Congestion area Feb 16-20
*RES 1: $0.7893 Feb 16 low, now resistance
*PRICE: $0.7876 @1005GMT 
*SUP 1: $0.7846 Feb 23 high, now support
*SUP 2: $0.7829 Intraday low
*SUP 3: $0.7800/04 1% volatility band, Feb 23 low
*SUP 4: $0.7790 Feb 22 low
*COMMENTARY* Suffered another challenge to the lower 1% volatility band last
Thursday, $0.7790 at the time. This the top end of what looks a congested band
of support from above the Feb 9 low at $0.7759 and the 61.8% Fibo retrace level
at $0.7744. Meanwhile, some oversold hourly conditions have produced a rally.
Resistance from the Feb 16 low at $0.7893 now the bar to a higher
$0.7915-$0.7942 rise. Support $0.7846 and then the day's $0.7829 low.

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