Caution As Decline Oversteps 2%........>

AUSSIE TECHS: Caution As Decline Oversteps 2% Volatility Band

*RES 4: $0.7985/87 50% of $0.8136-$0.7835, Feb 1 low

*RES 3: $0.7950/54 38.2% of $0.8136-$0.7835, Feb 5 high

*RES 2: $0.7925 Hourly congestion Feb 2-Feb 5

*RES 1: $0.7895/05 Hourly resistance

*PRICE: $0.7873 @1105GMT 

*SUP 1: $0.7835 Intraday low

*SUP 2: $0.7819 50% Fibo of $0.7502-$0.8136

*SUP 3: $0.7808 Jan 9-Jan 10 lows

*SUP 4: $0.7744 61.8% Fibo of $0.7502-$0.8136

*COMMENTARY* The decline has gathered pace and exuberance over the last 48

hours. A low of $0.7835 today, slightly below the lower 2% volatility band at

$0.7854 by time today. As always, cautious when this occurs as it is never a

long lasting event. Has bounced subsequently but requires a move back above

$0.7895-$0.7925 before confidence in any recovery will appear, $0.7950-$0.7954

then the next stepping stone higher. Below $0.7835 and $0.7819-$0.7808 next.