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‌‌(H3)‌‌ Approaching Trendline Support


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Pullback Meets Congested Support.......>

AUSSIE TECHS: Pullback Meets Congested Support From $0.7894-$0.7875
*RES 4: $0.8042/46 Jan 30 low, hourly high Feb 1
*RES 3: $0.8016 Hourly recovery high Feb 2
*RES 2: $0.7987 Feb 1 low, now resistance
*RES 1: $0.7957/60 Jan 23 low, hourly resistance
*PRICE: $0.7946 @1005GMT 
*SUP 1: $0.7891/94 Feb 2 low, 38.2% Fibo of $0.7502-$0.8136
*SUP 2: $0.7885 76.4% Fibo of $0.7808-$0.8136
*SUP 3: $0.7875 Jan 5 high, 2% volatility band
*SUP 4: $0.7808 Jan 9-Jan 10 lows
*COMMENTARY* The fall from last month's $0.8136 high has gathered pace over the
last few days, resulting in a loss of the 8 week rising support line. This puts
immediate pressure back on the downside. The further loss of $0.7957-$0.7937,
now eyes congested support between the 38.2% Fibo level at $0.7894 and the lower
2% volatility band at $0.7875 below. In the interim, $0.7960-$0.7987 provides
the bar to any near term recovery process.

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