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76.4% Fibo At $0.7794 Stands In Way....>

AUSSIE TECHS
AUSSIE TECHS: 76.4% Fibo At $0.7794 Stands In Way Of Better Recovery
*RES 4: $0.7871 1% volatility band
*RES 3: $0.7851 76.4% Fibo of $0.7893-$0.7713
*RES 2: $0.7819/24 Feb 28 high, 61.8% of $0.7893-$0.7713
*RES 1: $0.7794 76.4% Fibo of $0.7819-$0.7713
*PRICE: $0.7758 @0952GMT 
*SUP 1: $0.7726 Mar 5 low
*SUP 2: $0.7713 Mar 1 low, 1% volatility band
*SUP 3: $0.7695 Dec 15 high, now support
*SUP 4: $0.7637/52 2% vol band, 76.4% of $0.7502-$0.8136
*COMMENTARY* Break below the previous $0.7759 low last week has resulted in a
base at $0.7713 so far, before picking up aided by some near term oversold
conditions. This keeps us above the lower 1% volatility band also at $0.7713
today, for the time being today but will need the added emphasis of a 0.7794
break, before any further confidence in the upside will follow. Below $0.7713
and the Dec 15 high at $0.7695 protects against a deeper $0.7652-$0.7637 fall.

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