Rallies From Channel Base And Lower....>

AUSSIE TECHS: Rallies From Channel Base And Lower 1% Volatility Band

*RES 4: $0.7636/37 1% vol band, 6 week channel top

*RES 3: $0.7625/27 Oct 27, Nov 7 lows, now resistance

*RES 2: $0.7598 Hourly recovery high Dec 6

*RES 1: $0.7572/78  Hourly resistance

*PRICE: $0.7566 @0955GMT 

*SUP 1: $0.7530 Hourly support

*SUP 2: $0.7519 Dual hourly base Dec 11

*SUP 3: $0.7502 Dec 8 low

*SUP 4: $0.7480/85 6 week bear channel base, 1% vol band

*COMMENTARY* Has continued to find support from above the lower 1% volatility

band and also the 6 week bear channel base. Today's move back above $0.7555-60

is the first tentative step in the recovery process. Will need to remain above

hourly support at $0.7530 if this is to continue and allow a higher

$0.7572-$0.7625 rise to unfold. The top of the bear channel is at the slightly

higher $0.7637. Loss of $0.7530 will disappoint, $0.7519 then important below.