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

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: $0.7807 @1600GMT 

*SUP 1: $0.7796/97 Intraday low, Oct 10 high

*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.