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$0.8070-$0.8035 Provides Near Term.....>

AUSSIE TECHS
AUSSIE TECHS: $0.8070-$0.8035 Provides Near Term Support
*RES 4: $0.8186 2% volatility band
*RES 3: $0.8171 1.618 swing of $0.8136-$0.8079
*RES 2: $0.8165/67 May 2015 high, 50% of $0.9507-$0.6827
*RES 1: $0.8126/36 Sep 8, Jan 26 highs
*PRICE: $0.8100 @1025GMT 
*SUP 1: $0.8070/80 Hourly support
*SUP 2: $0.8035 Initial rally high Jan 26, now support
*SUP 3: $0.8004 Jan 25 low
*SUP 4: $0.7986 8 week rising support line
*COMMENTARY* Managed to poke it's head above the Sep 8 high at $0.8126, a high
of $0.8136 on Friday, before once again succumbing to near term overbought
conditions. Looking at $0.8080-$0.8070 for initial support, the $0.8035 level
below. While above, there is scope for another move higher, the $0.8165-$0.8186
region still likely to form decent resistance above $0.8136. Loss of $0.8035
will caution and put pressure on $0.8004 and the rising support line at $0.7986.

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