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1% Volatility Band Protects Against....>

AUSSIE TECHS
AUSSIE TECHS: 1% Volatility Band Protects Against $0.7800-$0.7786 Fall
*RES 4: $0.7980 Aug 4 high
*RES 3: $0.7960 Congestion area Jul 31-Aug 4
*RES 2: $0.7937/43 Jul 28 low, Aug 8 high
*RES 1: $0.7902/17 Hourly resistance, hourly high Aug 8
*PRICE: $0.7885 @1214GMT 
*SUP 1: $0.7855/60 Intraday low, 1% volatility band
*SUP 2: $0.7800 50% Fibo of $0.7535-$0.8066
*SUP 3: $0.7786/87 Jul 18,17 lows, 38.2% of $0.7333-$0.8066
*SUP 4: $0.7738 61.8% Fibo of $0.7535-$0.8066
*COMMENTARY*  Trying the patience of support from around the lower 1% volatility
band today. This seen as the near term protection against a deeper fall, aimed
initially at the 50% Fibo retrace level at $0.7800 and more importantly the
$0.7786-87 region, where the lower 2% volatility band can also be found today.
Resistance from between $0.7902-$0.7917 and will need to sustain gains above the
latter to find some respite and a higher recovery.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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