Pullback Has Key Trend Support.........>

AUSSIE TECHS: Pullback Has Key Trend Support Between $0.7951-$0.7923

*RES 4: $0.8096 2% volatility band

*RES 3: $0.8073 1.618 swing of $0.8023-$0.7942

*RES 2: $0.8039 Max 5th wave target, Jan 19 high

*RES 1: $0.8010/20 Hourly resistance

*PRICE: $0.7987 @1650GMT 

*SUP 1: $0.7951 38.2% Fibo of $0.7808-$0.8039

*SUP 2: $0.7942 Jan 18 low

*SUP 3: $0.7923/25 50% of $0.7808-$0.8039, Jan 12 high

*SUP 4: $0.7896 61.8% Fibo of $0.7808-$0.8039

*COMMENTARY* Having been halted by the maximum 5th wave target at $0.8039 last

week, has finally given up some ground and is approaching $0.7951-$0.7942

support. Below and the 7 week rising support line is at $0.7931 today, ahead of

next support from $0.7925-$0.7923. The latter would represent a 50% pullback of

gains from the Jan 9 low at $0.7808. Loss however, may well be the start of a

much bigger correction of the rise seen since the Dec 8 base at $0.7502.