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Decline Continues $0.7652-$0.7631......>

AUSSIE TECHS
AUSSIE TECHS: Decline Continues $0.7652-$0.7631 Next Target Zone
*RES 4: $0.7818 Oct 17 low, now resistance
*RES 3: $0.7796 Oct 23 low, hourly high Oct 24
*RES 2: $0.7770 Oct 24 low, now resistance
*RES 1: $0.7721/25 Intraday high, hourly resistance
*PRICE: $0.7679 @1640GMT 
*SUP 1: $0.7652 2% volatility band
*SUP 2: $0.7636 61.8% Fibo of $0.7333-$0.8126, Jun 14 high
*SUP 3: $0.7631 1.618 swing of $0.7733-$0.7898
*SUP 4: $0.7571 Jul 5 low
*COMMENTARY* Pullback continues, having lost support from the Oct 11 low at
$0.7771, also below the lower 1% volatility band and the Oct 6 low at
$0.7730-33. This suggests that the earlier $0.7733-$0.7898 bounce was a 4th wave
correction in the fall from the year's $0.8126 high. Next support comes from the
lower 2% band, at $0.7652 by time today and the bar to a further $0.7636-$0.7631
fall. Meanwhile, back above $0.7721-25 currently needed for near term respite.

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