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$0.7893 Resistance Caps Rally On.......>

AUSSIE TECHS
AUSSIE TECHS: $0.7893 Resistance Caps Rally On Monday
*RES 4: $0.7955 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, Feb 26 high
*PRICE: $0.7839 @0940GMT 
*SUP 1: $0.7826 Feb 26 low
*SUP 2: $0.7804 Feb 23 low
*SUP 3: $0.7790/95 Feb 22 low, 1% volatility band
*SUP 4: $0.7759 Feb 9 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 now seen from between $0.7826 and $0.7804.

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