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Rally Challenging 6 Week Channel Top...>

AUSSIE TECHS
AUSSIE TECHS: Rally Challenging 6 Week Channel Top
*RES 4: $0.8126 Sep 11 high
*RES 3: $0.8083 2% volatility band
*RES 2: $0.8073 1.618 swing of $0.8023-$0.7942
*RES 1: $0.8039 Max 5th wave target in rise from $0.7502
*PRICE: $0.8037 @0858GMT 
*SUP 1: $0.7965/70 Hourly support
*SUP 2: $0.7942 Jan 18 low
*SUP 3: $0.7925 Jan 12 high, now support
*SUP 4: $0.7904 6 week rising support line
*COMMENTARY* Found support from $0.7808 last week. The subsequent move back
above the year's $0.7875 high, has now seen a further rise through the 76.4%
Fibo resistance level at $0.7979. Through here and the 6 week bull channel top
and max 5th wave target at $0.8039 present the next barrier to this rise. Any
higher and look to $0.8073-$0.8083, ahead of the Sep 11 high at $0.8126. Support
comes from $0.7970-$0.7942, above the latter keeps a correction at bay.

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