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

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.