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A $0.7638 Hold Is Vital To Further.....>

AUSSIE TECHS
AUSSIE TECHS: A $0.7638 Hold Is Vital To Further Upside Potential
*RES 4: $0.7740/52 38.2% of $0.8126-$0.7502, 2% vol band
*RES 3: $0.7730 Nov 2 high,l 1.618 swing of $0.7695-$0.7638
*RES 2: $0.7695 Dec 15 high
*RES 1: $0.7680/85 Hourly resistance
*PRICE: $0.7674 @0927GMT 
*SUP 1: $0.7638 Dec 15 low
*SUP 2: $0.7621 Hourly low Dec 13
*SUP 3: $0.7598 Hourly support Dec 13
*SUP 4: $0.7581 Dec 12 high, now support
*COMMENTARY* Having continued to find support from above the lower 1% volatility
band and also the 6 week bear channel base, last Tuesday's move back above
$0.7555-60 was the first tentative step in the recovery process. The further
rise through 0.7598-$0.7625 on Wednesday, has enabled a challenge and break
above the 76.4% Fibo retrace level at $0.7676. A high of $0.7695 so far, ahead
of tougher $0.7730-$0.7752 resistance. Below $0.7638 would begin a correction.

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