Loses $0.8027, The 8 Week Rising.......>

AUSSIE TECHS: Loses $0.8027, The 8 Week Rising Support Line

*RES 4: $0.8126/36 Sep 8, Jan 26 highs, 1% volatility ban

*RES 3: $0.8114/17 Jan 30, Jan 31 highs

*RES 2: $0.8080/85 Hourly congestion area Jan 29-31

*RES 1: $0.8042/55 Jan 30 low, hourly resistance

*PRICE: $0.8013 @1030GMT 

*SUP 1: $0.8004 Jan 25 low

*SUP 2: $0.7985 Congestion area Jan 17-23

*SUP 3: $0.7957/67 Jan 23 low, 1% volatility band

*SUP 4: $0.7894 38.2% Fibo of $0.7502-$0.8136

*COMMENTARY* The fall from last month's $0.8136 high has gathered pace over the

last couple of days, resulting in a loss of the 8 week rising support line, at

$0.8027 by time today. This puts immediate pressure back on the Jan 25 low at

$0.8004, beneath which $0.7985-$0.7957 becomes possible. The latter the

protection against a greater $0.7894 drop. In the interim, $0.8042-$0.8055

provides the bar to any near term recovery process.