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

AUSSIE TECHS
AUSSIE TECHS: Caution As Decline Oversteps 2% Volatility Band
*RES 4: $0.7987 Feb 1 low, now resistance
*RES 3: $0.7954 Feb 5 high
*RES 2: $0.7911 Feb 6 high
*RES 1: $0.7875/85 Hourly resistance
*PRICE: $0.7814 @1103GMT 
*SUP 1: $0.7803/09 Intraday low, 2% volatility band
*SUP 2: $0.7788 1.618 swing of $0.7835-$0.7911
*SUP 3: $0.7744 61.8% Fibo of $0.7502-$0.8136
*SUP 4: $0.7730/32 Dec 27, Dec 25 lows
*COMMENTARY* The decline has gathered pace and exuberance over the course of the
week. A low of $0.7803 today, slightly below the lower 2% volatility band at
$0.7809 by time today. As always, cautious when this occurs as it is never a
long lasting event. Any lower and the swing target at $0.7788 is the next
protection to the downside, the 61.8% Fibo retrace at $0.7744 below. Resistance
$0.7875-$0.7885, back above the latter would provide some respite.

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