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Important $0.8035-$0.8000 Support......>

AUSSIE TECHS
AUSSIE TECHS: Important $0.8035-$0.8000 Support Remains Intact
*RES 4: $0.8194 2% volatility band
*RES 3: $0.8165/67 May 2015 high, 50% of $0.9507-$0.6827
*RES 2: $0.8126/36 Sep 8, Jan 26 highs
*RES 1: $0.8114 76.4% Fibo of $0.8136-$0.8042
*PRICE: $0.8075 @1644GMT 
*SUP 1: $0.8035 Initial rally high Jan 26, now support
*SUP 2: $0.8035/42 Initial rally high Jan 26, intraday low
*SUP 3: $0.8000/04 8 week rising support line, Jan 25 low
*SUP 4: $0.7985 Congestion area Jan 17-23
*COMMENTARY* Poked it's head above the Sep 8 high at $0.8126, a high of $0.8136
last Friday, before once again succumbing to near term overbought conditions.
The loss of $0.8070 support put immediate pressure on important support from
$0.8035 initially and $0.8004-$0.8000 below. The latter the 8 week rising
support line. As a result, nearest resistance now comes from the 76.4% Fibo at
$0.8114, back above the latter needed to resurrect upside interest again.

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