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Correction Risk Grows As Rallies.......>

AUSSIE TECHS
AUSSIE TECHS: Correction Risk Grows As Rallies Falter Below 1% Vol Band
*RES 4: $0.7955 2% volatility band
*RES 3: $0.7898/00 Oct 13 high, 1% volatility band, 
*RES 2: $0.7884/88 Oct 19 high, 61.8% of $0.8126-$0.7502
*RES 1: $0.7865/75 Jan 9, Jan 5 highs
*PRICE: $0.7817 @0943GMT 
*SUP 1: $0.7785/95 Dec 29, Jan 1 lows
*SUP 2: $0.7732/40 Dec 25 high, 1% volatility band
*SUP 3: $0.7695 Dec 15 high, now support
*SUP 4: $0.7680 Congestion area Dec 18-21
*COMMENTARY* Still the rally is being contained below the upper 1% volatility
band, which has risen to $0.7900 today. Highs of $0.7865-$0.7875 seen so far, as
we try to make our way towards the next band of resistance situated between
$0.7884-$0.7898. The latter the last significant high from mid October last
year. Not a lot of change to the nearest support of note, $0.7795-$0.7785 now
protecting against a deeper correction of gains from last month's $0.7502 base.

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