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Pivotal $0.7875 Resistance The Clue....>

AUSSIE TECHS: Pivotal $0.7875 Resistance The Clue To Near Term Direction
*RES 4: $0.7987 Feb 1 low, now resistance
*RES 3: $0.7954 Feb 5 high
*RES 2: $0.7911 Feb 6 high
*RES 1: $0.7875 Hourly pivot
*PRICE: $0.7865 @0937GMT 
*SUP 1: $0.7805/13 Hourly support, 1% volatility band
*SUP 2: $0.7773 Hourly base Feb 9 
*SUP 3: $0.7759 Feb 9 low
*SUP 4: $0.7740/44 2% vol band, 61.8% Fibo of $0.7502-$0.8136
*COMMENTARY* The decline gathered pace and exuberance over the course of last
week. A low of $0.7759 seen on Friday, slightly below the important lower 2%
volatility band but the break was only brief, given the higher $$0.7820 close.
Has become extremely oversold in the near term but relies on a maintained move
back above the pivotal hourly resistance at $0.7875, before any confidence in a
correction of losses from the Year's $0.8136 high will appear.

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