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Loss Of $0.7815-$0.7818 Support A......>

AUSSIE TECHS
AUSSIE TECHS: Loss Of $0.7815-$0.7818 Support A Concern Here
*RES 4: $0.7930 50% Fibo of $0.8126-$0.7733
*RES 3: $0.7898/11 Oct 13 high, 1% volatility band
*RES 2: $0.7860/65 Congestion area Oct 19
*RES 1: $0.7835/40 Hourly resistance
*PRICE: $0.7808 @1301GMT 
*SUP 1: $0.7797/01 Oct 10 high, intraday low
*SUP 2: $0.7771 Oct 11 low
*SUP 3: $0.7755 1% volatility band
*SUP 4: $0.7730/33 50% Fibo of $0.7333-$0.8126, Oct 6 low
*COMMENTARY* Having found support from just above the 50% Fibo retrace level at
$0.7730 early in the month, there has been a gradual improvement, resulting in a
high of $0.7898 on Oct 13. This basically in line with a test to the upper 1%
volatility band at the time, now at the higher $0.7911 level today. Currently
correcting some near term overbought conditions, with the $0.7815-$0.7818 area
now lost, there is scope to see a deeper $0.7797-$0.7771 fall.

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