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

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: $0.7813 @1500GMT 

*SUP 1: $0.7809 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 $0.7788 today, in line with the swing target of the

$0.7835-$0.7911 recovery. This 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. Resistance $0.7875-$0.7885, back above the latter would provide some

respite. Lose $0.7788 and the 61.8% Fibo retrace at $0.7744 next.