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Embryonic Recovery After Hold Of.......>

AUSSIE TECHS
AUSSIE TECHS: Embryonic Recovery After Hold Of $0.7525-$0.7520 Support
*RES 4: $0.7759 38.2% Fibo of $8126-$0.7532
*RES 3: $0.7730/33 Nov 2 high, Oct 6 low
*RES 2: $0.7680/85 Congestion area Nov 8-10
*RES 1: $0.7650/55 Nov 14 high, hourly resistance
*PRICE: $0.7610 @1715GMT 
*SUP 1: $0.7593 Intraday low
*SUP 2: $0.7555 Nov 22 low
*SUP 3: $0.7532 Nov 21 low
*SUP 4: $0.7520/25 76.4% of $0.7333-$0.8126, 1% vol band
*COMMENTARY* Continued to try and push lower for the early part of last week but
found it increasingly difficult to deal with support from above the lower 1%
volatility band and the 76.4% Fibo retrace level between $0.7525-$0.7520. After
a slow start, has finally overcome $0.7590, this sees $0.7650-55 as next
resistance, $0.7680-85 above. If this recovery is a serious correction of losses
from the year's $0.8126 high, then will need to sustain a break above here.

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