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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: $0.7937/43 Jul 28 low, Aug 8 high
*RES 3: $0.7920 Aug 14 high
*RES 2: $0.7895 Hourly congestion Aug 11-14
*RES 1: $0.7870/77 Hourly resistance, Aug 15 high
*PRICE: $0.7859 @1209GMT 
*SUP 1: $0.7808/11 Aug 15 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: $0.7732/38 2% vol band, 61.8% Fibo of $0.7535-$0.8066
*COMMENTARY*  Support from around the lower 1% volatility band still protecting
against a deeper fall, which would be aimed initially at the 50% Fibo retrace
level at $0.7800 and more importantly the $0.7786-87 region. Below and the 61.8%
level is at $0.7738 with the lower 2% volatility band now at $0.7732 today.
Resistance from between $0.7870-$0.7895 but will need to sustain gains above
$0.7920 to find some respite and a higher recovery.

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