Decline Tests Top Of Congested.........>

AUSSIE TECHS: Decline Tests Top Of Congested $0.7795-$0.7744 Support 

*RES 4: $0.7915 Congestion area Feb 16-20

*RES 3: $0.7893 Feb 16 low, now resistance

*RES 2: $0.7880 Hourly recovery high Feb 21 

*RES 1: $0.7855/60 Hourly resistance

*PRICE: $0.7850 @1703GMT 

*SUP 1: $0.7790/95 Intraday low, 1% volatility band

*SUP 2: $0.7773 Feb 14 low

*SUP 3: $0.7759 Feb 9 low

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

*COMMENTARY* Continued to fall throughout Wednesday, losing $0.7824-$0.7810

support late in the day. Now looking at a challenge to the lower 1% volatility

band, at $0.7795 by time today. This the top end of what looks a congested band

of support from above the Feb 9 low at $0.7759 and the 61.8% Fibo retrace level

at $0.7744. Meanwhile, some oversold hourly conditions being repaired,

$0.7850-60 the immediate barrier, $0.7880-$0.7893 higher.